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My Non-profit Organization Just Lost Its Tax-exempt Status? We Have Been A Non-profit For The Past Five Years. What Do We Do Now?
User Photo JEANIE PITNER
Tax Professional Level: Tax Enthusiast

1) Find the correspondence letter from the IRS that would of been mailed out with a reason that the tax exempt status has been revoked. 2) If the revocation is something such as: They neglected to file the tax...   Read More
What Is The Issue With The Internal Revenue Service Form 8949?
User Photo JEANIE PITNER
Tax Professional Level: Tax Enthusiast

Form 8949 is a form required by the IRS that must be filed with the tax payers tax return that is used to report gain or loss on the sale of stocks or capital assets. Tax payers are to report each stock sale or...   Read More
0 0 Form 8949
How Is The Capital Gains Tax Computed On An Office Building That Was Sold That Was Used To Rent Office Space And Was Originally Purchased...
User Photo JEANIE PITNER
Tax Professional Level: Tax Enthusiast

This is one of those questions that needs more questions and answers. 1. In the first part of the question it appears that she was renting out the 2 building as office space. 2. If this is the case the office...   Read More
What Is The Best Way To Allocate Headquarter Expenses To The Subsidiaries Outside The U.S.A.?
User Photo JEANIE PITNER
Tax Professional Level: Tax Enthusiast

This is a really good question; first I want to say I am not an expert in foreign taxes, but I do understand cost allocation. One approach is based on percentage of gross income earned. For example Subsidiary A...   Read More

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