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Can a 501 C 3 invest funds in one year bond certificate of deposit without jeopardizing its tax exempt status?
Wiki User
∙ 14y ago
Sure. The testing and qualifications for being a 501 are varied. If it is qualified under the disbursement test, it isn't prohibited from investing in things, just that, generally, if must spend something like 95% of its income within a year.
Wiki User
∙ 14y ago
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How many times in one year can you claim exempt on your paycheck?
I hear you can claim exempt for two months in a year without hurting you in the end... however, I can't say for sure that is a true fact.
What does exempt mean for series 63 test?
Exempt means, the security is exempt from registration with the state because of a myriad of reasons. If the issuer is exempt that means he is exempt from registration with the state.
How are IT positions classified as exempt or non exempt?
IT people come under 'Exempt' Category.
Is insulation tax exempt?
NO. Insulation material is not exempt from income tax.
Is a LC small business tax exempt?
LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.
What are the policies regarding the exemption of all scouts from the CAT?
I believe it involves a constitutional amendment (I think to the West Va constitution - not the US) granting the BSA tax exempt status. The issue is that the BSA is opening a new high adventure base in West Virginia. They are currently tax exempt but the BSA may engage in some activities there that may cause their tax exempt status to be questioned. This legislation is an effort to allow the BSA to fully operate the Summit Beschel Scout Reserve as they would like without jeopardizing their tax exemption.
Is a 1977 2 ton truck exempt from a smog certificate in ca?
I think a 1975 & older are!!
How do you get a letter to show merchants that you are tax exempt?
You would have to apply for the exemption certificate or number at your state or local tax office or both of them.
Can government exempt vehicles drive through FastTrack without paying?
yes
Why is gift certificates PST exempt?
PST can not be charged on a gift certificate because it is a piece of paper or plastic that holds a cash value. Pst can not be charged on buying cash!
How many times in one year can you claim exempt on your paycheck?
I hear you can claim exempt for two months in a year without hurting you in the end... however, I can't say for sure that is a true fact.
What does exempt mean for series 63 test?
Exempt means, the security is exempt from registration with the state because of a myriad of reasons. If the issuer is exempt that means he is exempt from registration with the state.
How are IT positions classified as exempt or non exempt?
IT people come under 'Exempt' Category.
Is exempted the past tense of exempt?
No, "exempted" is the past participle form of "exempt." The past tense of "exempt" is "exempted" as well.
What are Exempt income under income from other sources?
Exempt interest and exempt dividends from qualified municipal bonds.
Is it legal to track the work hours of exempt employees by requiring them to clock in and out?
Yes. In a March 10, 2006, opinion letter (FLSA 2006-6), the Department of Labor (DOL) confirmed that an employer can require exempt employees to record hours worked without jeopardizing their exempt status. "As the preamble to the final rule explains, an employer may require an exempt employee to do things such as to record and track hours and to work a specified schedule without affecting the employee's exempt status," the DOL stated. Some management staff and employees may be challenged by this fact; however, there are legitimate business reasons for holding employees accountable to such a requirement. For example, when there are billable hours or an employer desires to simply track hours worked for performance and attendance purposes, it is the employer's business prerogative to do so. The employer may define the work hours and hold the employee accountable to the specified schedule without affecting the exempt status under the Fair Labor Standards Act. Often, employers will establish core hours as a measure of flexible scheduling. The best practice for employers is to have a written policy to notify employees of any established requirements. The written policy would state the requirement, in this instance, to record and track hours as well as the method for recording hours. In addition, employers may implement a policy outlining work hours, the need to comply with recognized schedules and the ramifications of noncompliance.
What is an exempt and non exempt employee?
Exempt employees are 'exempt' from federal overtime rules and regulations, based on specific qualifications put forth by FLSA rules. (Executives, professionals, etc.) Non-Exempt employees are paid by the hour, and are subject to federal overtime rules (time and a half, for all hours worked over 40 in a pay week.) All hourly employees are non-exempt, all exempt employees are salaried, but not all salaried employees are exempt. Salaried employees must pass specific FLSA criteria to be categorized as 'Exempt', and therefore exempt from overtime rules.
