3 December 2019 | 18 replies
most all nonprofits in this space are setup as state filed C Corporations that take the federal IRS Tax Exempt status later and make 1,000 copies of the determination letter to show to donors, states, cities, etc. to payNO property taxes, NO income taxes (IRS/states), NO sales taxes (states), etc. keeping costs downwhile providing deductions through donations that come from foundations, tax payers, corporations, etc. and there's a lot of collaboration with your tax payer dollars from govt.the biggest builder is probably Habitat for Humanity (Christian volunteer model), Proud Ground uses the Land Trust model and we like First Story's model based on working with for profit companies that donate materials and labor.The pieces of the affordable housing model that we DON'T WANT to use are "equity caps" and dependency on subsidies.Generally, the model has been to feed people fish.We want to teach them how to fish.So connecting renters to affordable home ownership opportunities/resources WITHOUT equity caps through small homes and free financial education can help some of the 100M Americans paying rent to many BiggerPockets millionairesso that renters can start their American Dream.We want our customers to be able to sell their small starter homes for a profit TAX-FREE under the primary home $250K/500K exclusion to be able to move up towards their American Dream.
7 November 2019 | 0 replies
.- Also, if I build the rooftop deck over the storage is that exempt from the new Balcony Law since it's not extending beyond the exterior walls (or would it still apply do to railings, etc)???
20 November 2019 | 20 replies
Typically attractions are the proximity to Minuteman Park (Home of Houston Astros) & Toyota Center (Home of Houston Astros) & few minutes drive to the Houston Medical Center.
9 November 2019 | 3 replies
If you own 2 LLCs, each with 3 rentals, are you exempt?
7 December 2019 | 5 replies
I am currently in my last year of medical school with the Navy's Health Professions Scholarship Program (HPSP) where the Navy pays for my medical school in return for four years of service when I finish school.
14 November 2019 | 4 replies
I was accepted into medical school and will start in the fall of 2020.
16 November 2019 | 13 replies
@Jeff P.The taxes that apply to IRA plans also impact any tax-exempt entity.
14 November 2019 | 20 replies
We've had clients looking out by the Fitzsimons medical campus where a lot of development is going on and you have nurses/doctors coming and going.
9 November 2019 | 2 replies
I am looking at ways to rent furnished to traveling medical personnel.
13 November 2019 | 25 replies
Regarding the taxes being higher for non owner occupants, when you buy an investment property in Illinois and you reside in it then you can claim the homeowners exemption which lowers your taxes a few hundred bucks.