Is education required to file an annual information return

Assignment Help Taxation
Reference no: EM13945731

Education, Inc., a § 501(c)(3) organization, is a private foundation with a tax year that ends on May 31. Gross receipts for the fiscal year are $180,000, and the related expenses are $160,000.

a. Is Education required to file an annual information return?

b. If so, what form is used?

c. If so, what is the due date?

d. How would your answers in (a), (b), and (c) change if Education was an exempt organization that was not a private foundation?

Reference no: EM13945731

Questions Cloud

Conflict between legal and ethical implications : You have a bedridden home care patient. You discover the family members are charging her money for meals and laundry. How would you address this situation? What ethical principles do you feel are violated? Is there a conflict between legal and eth..
Natural terms of the two strategies for coastal protection : What are the advantages and disadvantages in both human terms (use, appearance, cost) and natural terms of the two strategies for coastal protection?
Determine the portion of the buildings adjusted basis : Determine the portion of the building's adjusted basis that is treated as debt-financed property and the amount of the mortgage that is ac- quisition indebtedness.
Group decision-making tools and techniques : Everyone has undoubtedly experienced a group decision-making situation. It may have been something as simple as which restaurant to go to for a meal or as complicated as the annual budget for a large organization. The common thread between these t..
Is education required to file an annual information return : Is Education required to file an annual information return? If so, what form is used? If so, what is the due date? How would your answers in (a), (b), and (c) change if Education was an exempt organization that was not a private foun..
Compare in surplus, usage, recharge echarge characteristics : Berkeley is a west-coast Mediterranean climate (distinct wet and dry seasons), and Terre Haute is a mid-latitude continental climate. How do these 2 locations compare in their surplus, deficit, usage, and recharge characteristics?
What other applications are there for polarizers : Is blue sky polarized, is the sun polarized? Blue light reflected from a glass table polarized? Why do some sunglasses block glare of off water and others do not? What other applications are there for polarizers?
An object is moving around the unit circle with parametric : An object is moving around the unit circle with parametric equationsx(t)=cos(t), y(t)=sin(t), so it's location at timetisP(t)=(cos(t),sin(t)). Assume0
Repeat the preceding hypothesis test : Suppose a sample of 40 Jones & Ryan employees showed a sample mean year-end bonus of $118,000. Assume a population standard deviation of o=$30,000 and compute the p-value.

Reviews

Write a Review

Taxation Questions & Answers

  Taxable income

Determine taxable income before considering expense.

  Prepare a tax research memo

Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.

  Income by ordinary concepts

Explain what is meant by income by ordinary concepts

  Identify the tax issues

Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.

  Calculate carolines taxable income

Calculate Carolines taxable income

  Taxation – law and practice

Show the tax issues that are raised and the relevant sections of the legislation.

  Payment to the taxpayer

Brief statement in your own words of the facts of the cases.

  Prepare regular corporation tax return

Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise

  Taxation law

Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.

  A tax on cigarettes is a good way of raising tax revenue

Discuss- A tax on cigarettes is a good way of raising tax revenue for the government

  Prepare the required journal entry

Prepare the required journal entry to record the tax expense

  Calculate barbs taxable income

Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd