Archive for March, 2001
Tax Non Profit
March 31st, 2001
Tax Non Profit
Question: Non profit organizations and compensation tax?
When a non profit organization compensates some one (say a board member), is the person receiving the compensation taxed by IRS for that money?
Answer: Non profit organizations have employees just like other companies. They are compensated like other employees. Board members may or may not be paid depending on organization policy.
Tax Exemptions For Non-Profit Hospitals-Part 2
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