StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Federal Taxation and Charitable Organizations - Term Paper Example

Comments (0) Cite this document
Summary
The paper focuses on charitable organizations which are special types of nonprofit generation organizations that strive to achieve philanthropist goals. Such organizations invest in the social wellbeing of the society by offering free education, feeding programs or even various health care services…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
Federal Taxation and Charitable Organizations
Read TextPreview

Extract of sample "Federal Taxation and Charitable Organizations"

Download file to see previous pages Individuals managing charitable organizations are human just like anyone else. This implies that they possess a quality of greed and would always want to enrich themselves from the positions of leadership and management. Charitable organizations just as any other organization, therefore, require a degree of accountability. Before donating to a charity organization, it becomes prudent to evaluate and analyze the administrative structures of an organization, its projects and its ability to achieve its goals. In doing this, the researcher in this context selects three of such organizations he believes are most deserving and analyses their structures thus justifying his selection based on the quality of management in the organizations and the effectiveness of the philanthropic projects the organizations run within the country. Anyone donating always hopes to help the people. With this understanding, the research investigates the ability of the selected charitable organizations to influence the lives of the public.
The three charitable organization selected for the review are United Way, Feeding America and The Task Force for Global Health. The three are among the largest and most popular charitable organizations in the United States, the three in various sectors of the society and run various charitable programs all of which seek to improve the social wellbeing of the American citizenry. The three organizations enjoy a national outlook owing to their ability to infiltrate the country. As the largest charitable organizations, the three-run different projects in all the states of the country. Additionally, their large structures are a portrayal of effective management that upholds the ethical values of management key among which is accountability. As discussed earlier, accountability is a feature of effective management that ensures that an individual’s donations benefit the targeted population. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Federal Taxation and Charitable Organizations Term Paper, n.d.)
Federal Taxation and Charitable Organizations Term Paper. Retrieved from https://studentshare.org/management/1657701-an-analytical-report-on-three-charitable-organizations
(Federal Taxation and Charitable Organizations Term Paper)
Federal Taxation and Charitable Organizations Term Paper. https://studentshare.org/management/1657701-an-analytical-report-on-three-charitable-organizations.
“Federal Taxation and Charitable Organizations Term Paper”, n.d. https://studentshare.org/management/1657701-an-analytical-report-on-three-charitable-organizations.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Federal Taxation and Charitable Organizations

Taxation

...? TAXATION Sam Smith Computation of taxable trading income for 12 2. Computation of Income tax and National Insurance for tax year 12 Calculations of National Insurance contributions of Sam Smith for the year 2011-12 3. Computation of taxable income, income tax and NIC of Mr Sam Smith on being treated as employee for tax year 2011/12 Computation of Income tax for tax year 2011/12 4. Implications of change in status “An employee will pay taxes on earnings from his employment. A self employed will pay taxes on the profits of his trade.” (Christopher Jones)i As per HMRC “A worker’s employment status, that is whether they are employed or self employed, is not a matter of choice. Whether someone is employed or self employed...
6 Pages(1500 words)Assignment

Charitable Contributions

...contribution is tax deduction then the person must give donation to a qualified organization (Gravelle, 2008). Mr. Warren Buffett has donated ?18 billion of his ?30 billion wealth to Bill and Melinda Gates, this shows that he has given 80% of his total wealth. When Tim Huelskamp asked Mr. Buffett to release his tax return he simply refused saying that he would not release his tax return until the other rich people release the same. He refused because he paid tax at rate of 17.4%. Buffett said that “he paid around $7 million in federal taxes in the previous year that included $15,300 in payroll taxes on taxable income of $39,814,784 at a tax rate of 17.4%” (Perry, 2011). Huelskamp reported to CNN that "By...
3 Pages(750 words)Essay

Charitable Organizations

...The biggest advantage to all charitable organizations it that the profits which they earn are tax exempted (Charitable Organizations, 2003). Normal organizations which are working for profits have not just single, but double taxation. Their profits are first taxed as a company and then on the individual stockholders level. Compared to this, it is a very big advantage to the charities that their profits ultimately are equivalent to being disposable for them. They can use their total amount of profits for charitable purposes or to pay employee salaries. This tax exemption increases the amount of available funds to the...
7 Pages(1750 words)Essay

Federal Taxation

... or separation instrument containing the designation must be attached to the payee's first filed federal tax return (Form 1040) for each year in which the designation applies. Sec. 1.71-1T(b), A-8, Temporary Income Tax Regs.1 References: Brown, Robert M. 4 February 2009. http://www.irs.gov/pub/irs-wd/0638008.pdf Willis, Eugene, et al. "Gross Income: Concepts and Inclusions." West Federal Taxation Comprehensive Volume. 3rd ed. n.p.: South Western, a division of Thomson Learning, 2003. 3-20 - 3-21.... may designate that payments otherwise qualifying as alimony or separate maintenance payments shall be nondeductible by the payor and excludible from gross income by the payee by so providing in the divorce or...
2 Pages(500 words)Case Study

2: Research Problems Federal Taxation

...Federal Taxation Research Problem John Hunter is the president and sole shareholder of Hunter Incl. Due to technological renovation in the company, 36 numbers of computers, which are 2 years old, would be replaced by new one. John Plans to donate these computers to a qualified chartable society so that he can get a better exemption in tax. Though an individuals charitable deduction for any year is limited to 50%, 30%, or 20% of his adjusted gross income, depending on the property contributed and the donee but here, Hunter can get a deduction up to 10% of its taxable income because the computers are part of his company and corporation tax deduction rules will be applied. But the point to be noted here is that the excess amount... ...
2 Pages(500 words)Essay

Analysis of Federal Taxation

... Analysis of Federal Taxation Dan and Cheryl have tax liability for 2010 which is going to be discussed here, and how that was calculated. The total of Dan and Cheryl’s combined wages, salaries, and tips totaled $170,000. They were married filing jointly, and for argument’s sake, it will be said that Dan and Cheryl have a total of two exemptions. Dan and Cheryl’s taxable interest was $1,450, while their dividends were $5,950 and their capital gains (losses being in brackets) totaled $6,100. Therefore, their income totaled $183,500. Their adjusted gross income was calculated to be $182,050. “Adjusted gross income (AGI), or [one’s] income minus deductions, is important when calculating [one’s] total tax liability... as...
3 Pages(750 words)Assignment

Discussion

...Discussion Affiliation Discussion The major theme of module six is taxation of healthcare s and Competition- Antitrust Laws. Under the IRC § 501(c) (3) it provides for Federal tax exemption on organized institutions that are operated for charitable purposes. The section does not provide for non-private inurement. A tax-exempt corporation is a corporation that is formed and is used for scientific, religious, educational, and charitable services. However, in order for an institution to be classified as one that is tax exempt they must follow certain criteria. Therefore, in order to determine the admissibility for tax-exempt status the purpose in the corporate charter must be established, as well as, the way the company operates... ...
2 Pages(500 words)Assignment

The Evolution of the Duty of Obedience in Charitable Organizations

...The Evolution of the Duty of Obedience in Charitable Organizations from the Trust Model to the Corporate Model of Regulation Introduction Today nonprofit organizations suffer from the lack of people’s trust. Even in case if the organization’s activity is successful, people usually do not believe in its competence and reliability. Restricted gifts, which impose special conditions, become widespread and philanthropists received a right to apply for breaking off. Unpleasant situations and scandals spoiled the reputation of nonprofit organizations. For example, graduates do not want to maintain relations with their educational institutions because of...
12 Pages(3000 words)Research Paper

Advertising and Non-profit/Charitable Organizations

...Advertising and Non-profit/Charitable Organizations: The Ethical Issues By Advertising and Non-profit/Charitable Organizations: The Ethical Issues I. Introduction Marketing is typically associated with advertising which in turn infers a solicitation of business exchanges. Non-profit organizations are designed to offer services with no expectation of monetary reward. It is therefore hardly surprising that the concept of advertising by non-profit organizations has been the subject of much controversy (Herman, 278). Ethics therefore commands that in advertising, non-profit organizations take an approach which reflects a...
14 Pages(3500 words)Case Study

Liquidation and Dissolution: Advanced Federal Taxation

...Liquidation and Dissolution Liquidation and Dissolution Liquidation occurs when a corporation is no longer a feasible unit, and itis of the belief that there is more worth in the assets of the corporation, than in the corporation as a going concern. It involves the absolute sale of the corporation’s assets. Adamson and Morrison (2011) claim that this might be the preeminent alternative if there is no other alternative when company closure is forthcoming, for instance, an amalgamation or attaining emergency capital. It takes place in diverse arrangements including negotiated buyouts, auctions and consignment sales. A federal bankruptcy trustee seizes control of the corporation investments. The trustee liquidates the entire property... ...
4 Pages(1000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Federal Taxation and Charitable Organizations for FREE!

Contact Us