Not-For-Profits do not pay any income taxes. Zero.

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Not-For-Profits do not pay any income taxes. Zero.
Posted by grapebed of MO on 9/16/18 10:22pm	Msg #598518

I don't think that's fair.

There are very specific IRS guidelines that every Not-For-Profit must follow to qualify as a tax-exempt organization. It does not matter if you are The American Red Cross or XYZ.

I have to pay income taxes on my profits, but not XYZ.

OK. I get it. I may be the only notary that is bothered by that. I don't think that is fair. So that's my problem. I am sure that XYZ has lawyers that came-up with the Not-for-Profit scheme. I doubt there is anything Not-for-Profit or charitable associated with XYZ.

Messages in this Thread
	XYZ is organized as a Not-for-Profit Corporation similar to - grapebed on 9/16/18 8:27pm
	Re: XYZ is organized as a Not-for-Profit Corporation similar to - Luckydog on 9/16/18 10:02pm
	Not-For-Profits do not pay any income taxes. Zero. - grapebed on 9/16/18 10:22pm
	Re: Not-For-Profits do not pay any income taxes. Zero. - Luckydog on 9/16/18 10:33pm
	Re: Not-For-Profits do not pay any income taxes. Zero. - Luckydog on 9/16/18 10:43pm
	Here you go - grapebed on 9/16/18 10:52pm
	Re: Here you go - Luckydog on 9/16/18 10:56pm
	What probably qualifies them as not for profit is ... - Yoli/CA on 9/17/18 9:36am
	Wrong. Their Foundation has nothing to do with the - grapebed on 9/17/18 3:47pm
	XYZ is organized as a Not-For-Profit organization. Not-For- - grapebed on 9/16/18 10:44pm
	Re: XYZ is organized as a Not-For-Profit organization. Not-For- - Luckydog on 9/16/18 10:52pm
	off subject - Luckydog on 9/16/18 11:02pm
	Re: XYZ is organized as a Not-for-Profit Corporation similar to - JanetK_CA on 9/17/18 2:55am
	Re: XYZ is organized as a Not-for-Profit Corporation similar to - Cheryl Elliott on 9/17/18 7:28am
	Appreciate, grapebed,UR time & effort researching the topic. n/m - Christine/OK on 9/17/18 7:16am
	What Purpose Does This Even Serve? - PegiT_MN on 9/17/18 8:09am
	You are correct...I don't care how many peas are on - Cheryl Elliott on 9/17/18 8:14am
	Re: What Purpose Does This Even Serve? - Luckydog on 9/17/18 3:41pm
	I can only speak for myself, but I pay taxes on my income. - grapebed on 9/17/18 4:00pm
	Ditto! n/m - Luckydog on 9/17/18 4:05pm
	IMO I think there's a complete misunderstanding about - MW/VA on 9/17/18 8:59am
	Directly from the NNA, a Nonprofit professional Association: - grapebed on 9/17/18 5:51pm
	Some of us know this is total bs, but many do believe that - MW/VA on 9/17/18 6:32pm
	Well said, Marilynn! n/m - JanetK_CA on 9/17/18 10:33pm

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