Taxable Non Profit

Posts Tagged ‘taxable non profit’

September 4th, 2010

Taxable Non Profit

Question: How do I calculate my post tax income?

My taxable income is $40,000, residence is in MD and I'm single. Not accounting for Health/dental insurance contribution. I work for a non-profit organization if that makes any difference.
By post tax income I mean after paying federal and state taxes, how much disposable income will I have in my pocket.
Answer: I would calculate it as follows:
Take the selling price of the posts and subtract the purchase price
of the posts. This is your profit and is fully taxable.
Add this to your taxable income. You can also deduct part of
your home as an office if you spend enough time there with post
purchasing and selling matters. Be careful! The IRS is very strict
regarding the home/office deduction.
Just out of curiosity what kind of posts are you selling?

Three tests: management fees may be taxable. (Taxing Issues).(tax issue affecting non-profit organizations): An article from: The Non-profit Times

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This digital document is an article from The Non-profit Times, published by NPT Publishing Group, Inc. on December 1, 2002. The length of the article is 1499 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation Detai...

Deferred compensation: why is it taxable now?(FINANCE): An article from: The Non-profit Times

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This digital document is an article from The Non-profit Times, published by NPT Publishing Group, Inc. on January 1, 2011. The length of the article is 1247 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Deferred compensation: why...

Nonprofit taxable activities, production complementarities, and joint cost allocations.: An article from: National Tax Journal

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This digital document is an article from National Tax Journal, published by National Tax Association on December 1, 2003. The length of the article is 5966 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the author:...