(Answered) Assignmentdescribe the difference between the nonprofit

Accounting

ASSIGNMENT

Describe the difference between the Nonprofit Taxonomy of Exempt Entities (NTEE) codes and the 29 different categories of Section 501 (c) of the Internal Revenue Code (IRC). Why do we need the NTEE Code if we already have the sector broken out into different exemption types in the IRC? What advantages are there to having both codes? Where can we find the NTEE code for an organization?

View complete question

Taxation, Accounting

Category:- Taxation
Reference No.:- M92419195
Price:- $25

Verified Expert

Priced at $50 Now at $25, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Taxation

Questionan entity which is gst registered or which needs to

Question An entity which is GST registered (or which needs to be registered) needs to charge GST on its taxable supplies (s.9.70, A New Tax System (Goods and Services Tax) Act 1999 ("GSTA")). While some transactions may ...

Taxation law assignment -elwood blues is an australian

Taxation Law Assignment - Elwood Blues is an Australian resident for tax purposes and one of your best clients. Elwood has a varied portfolio and usually has a number of interesting questions to ask about the tax implica ...

Introducation to australian tax laws questions -question 1

INTRODUCATION TO AUSTRALIAN TAX LAWS QUESTIONS - Question 1 - Holly Gordon has retired and derives her income from a series of investments and a part time job at the local cafe. Her income and expenses for the year inclu ...

Assignment1 section 5 of the income tax act 1967 describes

Assignment 1. Section 5 of the Income Tax Act 1967 describes the ascertainment of chargeable income. Describe the steps that are used to ascertain the chargeable income of a taxpayer. 2. Identify and briefly explain any ...

1-several years ago courtney borrowed 100000 of recourse

1-Several years ago, Courtney borrowed $100,000 of recourse debt from the Friendly Local Bank and used it to buy some equipment to start up a business. Courtney's business results have been disappointing and she has not ...

Question 1the lotteries commission conducts an instant

Question 1 The Lotteries Commission conducts an instant lottery called 'Set for Life' under which a winner who scratches three 'set for life' panels wins $50,000 each year for 20 years. The first $50,000 is payable as so ...

Question 1for each of the following scenarios prepare dated

Question 1 For each of the following scenarios, prepare dated journal entries on the acquiring company's books for the investment from acquisition to disposal. Ignore income taxes. a) On March 1, 20X7, Rondeau Ltd., a pr ...

Taxation assignment -the tax system is not delivering the

Taxation Assignment - "The tax system is not delivering the potential revenue in Sri Lanka. Sri Lanka's per capita income has increased from US$ 720 in 1995 to US$ 3,625 in 2014 but our tax revenue has declined from 20.4 ...

Business taxation assignment -assignment question - carson

BUSINESS TAXATION ASSIGNMENT - ASSIGNMENT QUESTION - Carson Pty Ltd ("Carson"), an Australian resident company for tax purposes, carries on numerous business activities. In the first half of 2014, Carson has thoughts of ...

Assignment - all answers must be supported with references

Assignment - All answers must be supported with references to relevant legislation, caselaw and/or tax rulings QUESTION 1 - Principles and Concepts Between April 1981 and May 2017, Simon Krupcheck held various managerial ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Taxation Expert