Accounting/tax questions about doing a good deed?

1 Answer

Answer :

You have to have something like the “Coalition”, for the unchaining would be your “not for profit”. The fire department is more complicated. 501 ( c ) 3 is the cleanest, lead time for that can be 1 year. I’m a member of a group that just got the 501 (c ) 3, before that we had the Chamber of Commerce collect all monies. Most people want a tax deduction and that can only happen with the non-profit status. We have gotten several corporations that now sponsor us.

Related questions

Description : A contract for the sale of goods which provides that the property would pass to the buyer on full payment of price and execution of sale deed is known as a)sale of approval b)hire purchase agreement c) sale d)agreement to sell

Last Answer : d)agreement to sell

Description : There are many incidents of Irony in the chapter. Choose the statement that DOES NOT support Irony in the end. (a) Those who go out of their way to help a poor farmer are suspected to be ... true betrays a lack of humility and gratitude. (d) The postmaster showed satisfaction for doing a good deed.

Last Answer : (d) The postmaster showed satisfaction for doing a good deed.

Description : We have added our daughter to our Deed to our Home, by a QUIT CLAIM DEED. She is given the rite of survivorship& her name shows on the tax rolls. Would this have to go through Probate ?

Last Answer : Yes as the house could still be claim to pay any debts you have.

Description : Is this saying about accounting and finance correct (Details Inside)?

Last Answer : Is the question moot?

Description : The process by which accountants use their knowledge of accounting rules to manipulate the figures reported in the accounts of a business in known as- (a) Financial accounting (b) creative accounting (c) cost accounting (d) fair value accounting

Last Answer : B. CREATIVE ACVOUNTING

Description : Which of the following methods are used in creative accounting? (a) Off balance sheet financing (b) Abuses of accounting concepts and conventions (c) Manipulating assets and liabilities (d) Over and under valuation of inventories

Last Answer : A. OFF BALANCE SHEET FINANCING

Description : Which of the following are ethical issues in financial markets-? (a) Churning (b) Illegal dividend payment (c) creative accounting (d) none of these

Last Answer : A. CHURNING

Description : When doing business with an ignorant or naive person, are there certain guidelines for setting prices?

Last Answer : Yes. It’s called morals. The payoff is making someone’s day by using your expertise, making a profit off of the commission, and getting a good noght’s sleep by doing the right thing.

Description : Do you think, if a customer of a service checks out competing service with little or no intention of using that service, that it's dishonest or is it "part of doing business?"?

Last Answer : Sounds like smart business to me. No different than shopping around before you buy a car, or appliance, or… anything really.

Description : In Phila,PA. which is the oldest bank that is still in operation and doing business today?

Last Answer : From this article in the New York Times, it appears to be the Bank of North America which opened in 1781.

Description : What are some good resources for doing a business valuation on a social network?

Last Answer : The number of people on that network.

Description : I want to sell a chunk of the accounts receivables my business has to raise some cash quickly. Does anybody have any experience with doing this?

Last Answer : Contact your competitors.

Description : How do companies know if a product is doing well?

Last Answer : Well I am not an expert in retail logistics. But your initial hunch is correct that they can not tell based on how much a store buys from them on the initial purchase. But, if the item is ... ordering X amount of units a month they know they are selling roughly the same amount of units a month.

Description : Website that lists businesses and chains that have recently filed for bankruptcy or close to doing so?

Last Answer : No, because the filings are local not national.

Description : What is Games Workshop doing?

Last Answer : I’d say they’re run by morons. The company seems to think that their customers will stay forever, even when they jack up the prices. It seems like many game companys are doing this and leaving their customers in the dust.

Description : The importance of ‘Trading on Equity’ lies in the fact that if the company is earning more profit, it can make use of borrowed capital and preference share capital and by doing so, it can increase the income of: a. Preference Shareholders b. Lenders c. Equity Shareholders d. Government

Last Answer : c. Equity Shareholders

Description : A order of court restraining a person from doing a particular act, it’s a case of (a) Specific performance (b) Injuction (c) Both (a) & (b) (d) None of the above

Last Answer : (b) Injuction

Description : A Contract is ................ (a) A promise to do something or abstain from doing something. (b) A communication of intention to do something or abstain from doing something (c) A set of promises. (d) An agreement enforceable by law.

Last Answer : (d) An agreement enforceable by law.

Description : Can you explain to me why I don't have a tax form for my wealth accumulation account?

Last Answer : Would have to know more of what a “wealth accumulation thing” is for us to answer.

Description : How do I compute sales tax for purchases made from another state?

Last Answer : answer:You might not need to charge any tax. The old rule was to tax only if the business had a store in the state being shipped to. The tax charged would be the ship to state's tax. So for ... books for the business and inform you what to keep track of, how to pay any required quarterly taxes, etc.

Description : Based on the tax refund cycle chart if your refund isn't deposited on the scheduled date does it automatically mean it has to be reviewed?

Last Answer : My daughter is having EXACTLY the same problem. She filed on the 2nd as well and was supposed to get it on Wednesday, the 15th. When she calls, all she gets is, It hasn't been processed yet ... track their refunds on line, but that returns are being processed normally. Doesn't sound like it to me.

Description : Would you be willing to move to a country described as a tax haven?

Last Answer : You can't just hop over to Bermuda and work, because it is not America or a territory of America, and they have their own requirements for expats to work. Here is one link with some info. Also ... not sure if we filed separately that year, so his salary was evaluated separately from mine? Not sure.

Description : How will additional tax cuts for corporations do anything to create more jobs?

Last Answer : If past is prologue, it will move wealth away from the middle class, and toward the top.

Description : Is my laptop tax deductable?

Last Answer : I believe that it’s “depreciable”, but not “deductable”.

Description : Has anyone used The Tax Club?

Last Answer : answer:I can only imagine that an online virtual accountant would be worse than an online lawyer. < insert joke here >. $1500 seems really high to me, and the hard sell reasies some serious ... in http://blog.guykawasaki.com/2007/06/482413_for_lega.html, but that's more about online legal stuff.

Description : Can my mom give me $3000 as a tax-free gift to help me start a business? (I'm 26.)

Last Answer : answer:If it's a gift from someone else it's tax free. It's yours. (I'm talking from the UK here though). I'm 18 and if I get money from a relative it's mine. No taxing. I don't see ... 't taxed. Although if your mum does give you the money remember to give her more back if you're successful ^_^

Description : Who do I contact for business questions?

Last Answer : Depends on the city / state. Where I live (Georgia) that sort of thing is usually regulated at the County level, unless there is a city within the county that handles it. (In my ... is within the city; the remaining 80% is unincorporated) Impossible to answer your question without more information.

Description : If you were trying to assess an individual's understanding of technology marketing concepts, what two questions would you ask them?

Last Answer : Who is your target market? Who is your competition and how is your product better or competitive in that target market?

Description : If you were trying to assess an individual's grasp of basic finance, which two questions would you ask them?

Last Answer : answer:What is your cost of goods sold? What is your minimum gross sales you need to run your company at a profit?

Description : Some questions about railroads.

Last Answer : A lot of people care about railroads and railroad history. I’m just not one of them.

Description : If you had to interview someone for a leadership position, what are some questions you'd ask them?

Last Answer : 1. What is teamwork, in your own words, and why is it important in accomplishing objectives? 2. What are your strengths that you can apply in a supervisory role? What are your weaknesses that you can ... leadership role and in what capacity was it? 4. What are your future short and long term goals?

Description : No good deed...

Last Answer : Was there a question?

Description : How do you remove a family member's name from a land deed?

Last Answer : The aunt needs to sign a “quit claim” deed relinquishing her interest in that portion of the property. Did she replace grandma as the sole deed holder or do they hold title jointly? How exactly is title held? The words are important here.

Description : What was your good deed today?

Last Answer : My 9 year old son called me randomly and said that he got permission from his mom for us to hang out on a weeknight and he thought we should go to dinner. He offered to pay, but I told him I would pick it up.

Description : Can you attest the validity of this phrase "No Good deed goes un-punished"?

Last Answer : I don’t think that it is true at all.

Description : How often do you find the saying, ”No good deed goes unpunished”, to be true?

Last Answer : There have beeen times when the unexpected kindness of others was the only thing that got me by. So I try to help when I can, because I remember what those times were like.

Description : What was the last good deed that you did?

Last Answer : I let a friend know about the procedure I had done awhile ago.She also had it done and is walking without assistance:)))) Someone (I think I know who) cut the rest of my lawn out front after my lawnmower ran out of gas. I’d cook him lunch to thank him,but I don’t want to kill him

Description : If your name is on the deed and title...but NOT on the mortgage note...are you still financially responsible for the mortgage?

Last Answer : Yes, that’s the short answer. The the long answer is that is what life insurance is for to pay the mortgage and other bills. You will need a lawyer to go through probate.

Description : Think it is true that no good deed goes unpunished?

Last Answer : I think that is one of the illogical sayings I have ever heard. It is totally ludicrous.

Description : A friend in need is a friend indeed/in deed. Agree? Examples from real life - or here?

Last Answer : Rule of acquisition number 202: A friend in need is a customer in the making.

Description : What Do You Think of a "Quiet Claim Deed"?

Last Answer : If it were me and I were looking to buy him out, I would want to then own the proerty free and clear. Unless you have a family reason for doing him a favor, I would want a straight sale.

Description : If you do at least one good deed everyday, do you think it will change your life?

Last Answer : It does, but only if you do it, and never talk about it.

Description : Love in Deed is Love in Deed.

Last Answer : What the hell does that mean,John?;)

Description : Do you think intent mitigates the value of a good deed?

Last Answer : I'm not sure if I would say mitigate, yet I do feel that it changes what one can get out of volunteering. I will say that even though it starts out all for me' it eventually changes as you ... uncomfortable accepting anything from someone who doesn't want to give it to me. I'd feel like a jerk!

Description : Does a good deed count if you are drunk when you do it?

Last Answer : I think that it is the result that counts. You might feel remorse for having done something but the deed remains.

Description : Have you ever done a secret good deed?

Last Answer : Often – I am uncomfortable with people knowing that I was involved. A surprising number of people take offense when you help them.

Description : If you do community service because someone makes you, is it still a good deed?

Last Answer : Of course it is. there is a reason for every action that people do. As long as you do the right thing it does not matter what the reason is.

Description : If you do something you've previously looked down on and you feel badly, is the bad feeling more from the result of the deed or because you yourself went and did it?

Last Answer : I think it's more about feeling like a hypocrite. I felt like that when I broke down and bought a pair of UGGs. I know that's not as serious as your examples. I still feel guilty every time I enjoy ... into them, or even worse with a skirt. I'm still not that girl. wow I sound like an airhead

Description : If you could do one anonymous good deed today what would it be?

Last Answer : I would give it to the city library system so they don’t have to close all their branches on Sunday.

Description : Real estate question. Can a person be on the promissory note and not on the deed of trust?

Last Answer : Yes, anytime one person co-signs for someone else, they are on the promise to pay. They don't have to have any ownership in the property (real estate as well as auto). This is usually done ... who signs off a quit-claim deed in the mistaken belief that gets them out of responsibility for the debt.