We all know that feeling of disappointment when you fail to hit your $1 billion nonprofit fundraising goal and only raise $130 million instead, but it's how you deal with that disappointment that...
Category: Taxes
Inurement is just another word for benefit. Private inurement is legal jargon for when a nonprofit board member or insider uses their control over the nonprofit to obtain personal benefits, at the...
Unrelated business income tax (UBIT) is a tax on certain types of income earned by nonprofits. Essentially, most nonprofits must be chartered with a particular tax-exempt purpose that the IRS agrees...
The answer to whether a corporation can be a partner in a partnership depends on how the partnership is taxed. There are several common types of partnerships: General partnerships (GPs), limited...
The IRS does not allow investors to directly 1031 exchange into a REIT, but you can indirectly 1031 into a REIT by first 1031 exchanging into a Delaware Statutory Trust (DST) which is already in the...
If you buy a house as your personal residence, the IRS does not allow you to deduct any HOA fees. However, if you buy a house for use as a rental property, the IRS does allow you to deduct HOA fees...