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Non Stock Corporations Form
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FAQs
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How do I file an income tax return if I registered in a business as a sole proprietor and also work in a non-profit non-stock corporation?
First: Do a P&L for your business. (do you have Quickbooks?) As a sole proprietor, the profit is your income. It may not equal your cash flow, especially if you have invested in equipment which needs to be written off.Second, fill out your 1040. You will probably not be able to use the short form or 1040EZ. The W2 earnings go on one line, the business income goes on another. There will probably be a bunch of schedules to fill out, but no biggie.
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I received my late husband's W-9 form to fill out for what I believe were our stocks. How am I supposed to fill this out or am I even supposed to?
You do not sound as a person who handles intricasies of finances on daily basis, this is why you should redirect the qustion to your family’s tax professional who does hte filings for you.The form itself, W-9 form, is a form created and approved by the IRS, if that’s your only inquiry.Whether the form applies to you or to your husband’s estate - that’s something only a person familiar with the situation would tell you about; there is no generic answer to this.
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What are the legal formalities for incorporation of NPO?
US perspective, for 501c3 non-profits:Choose the right entity - most NGOs/non-profits are either "not-for-profit" corporations", or "non-stock corporations."Prepare charter for the NGO according to the legal requirements of the state under whose laws you want the internal affairs of the NGO to be governed, as well as according to federal law requirements.File charter with the Secretary of State of the state chosen in 2.Prepare bylaws.Hold organizational meeting so that directors and whoever else required to do so under the charter and bylaws can ratify (i.e. accept) everything that has been done so far, and decide on other details such as who has the power to do what, who is part of the executive committee, etc. Put everything accepted and decided in writing.Fill out form 1023 or 1023-EZ, depending on what the NGO is eligible for. Be warned that 1023 can take 100hrs for first timers to complete.Submit 1023, and all supporting documents to the Internal Revenue Service (IRS).If the IRS calls to ask questions, answer them.IRS review can take somewhere between 3-12 months, depending on current load of applications and how well the application was done.Hopefully, after all that, receive a positive determination letter from the IRS.Congrats! The NGO is now legit!Register NGO in every state that requires registration (this is usually based on funds raised or to be raised in a particular state, and some states require registration before the fact while others only require registration after).[Non]Profit!I'm a lawyer, but not your lawyer. This is not legal advice, just general information, so depend on it at your own risk. The internet is a scary place, so don't believe every thing you read. If you need legal advice, hire a lawyer to be your lawyer =)
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How do I fill out the Amazon Affiliate W-8 Tax Form as a non-US individual?
It depends on your circumstances.You will probably have a form W8 BEN (for individuals/natural persons) or a form W8 BEN E (for corporations or other businesses that are not natural persons).Does your country have a double tax convention with the USA? Check here United States Income Tax Treaties A to ZDoes your income from Amazon relate to a business activity and does it specifically not include Dividends, Interest, Royalties, Licensing Fees, Fees in return for use of a technology, rental of property or offshore oil exploration?Is all the work carried out to earn this income done outside the US, do you have no employees, assets or offices located in the US that contributed to earning this income?Were you resident in your home country in the year that you earned this income and not resident in the US.Are you registered to pay tax on your business profits in your home country?If you meet these criteria you will probably be looking to claim that the income is taxable at zero % withholding tax under article 7 of your tax treaty as the income type is business profits arises solely from business activity carried out in your home country.
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How do I find out whether I belong to the OBC creamy or non-creamy layer while filling out a form?
Please go to the caste census of 2011 to find out whether you are a backward caste . Then find out from the website of Backward Classes Commission whether you fall in OBC list .Having found that , the criteria is as under -You will be in non-creamy layer if your parents’ total annual income is not more than Rs.8 lakh . Your own income , if any , is not included . Any agricultural income of your parents is also not included .
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