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Is it correct that charitable trust is filed as AOP under income tax?
Wiki User
∙ 12y ago
yes
Wiki User
∙ 12y ago
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What is a charitable trust?
A charitable trust is a trust set up to benefit a charity. The donor can receive income from the trust until their death and remaining funds go to the charity
What is LHA Charitable Trust's population?
LHA Charitable Trust's population is 9.
What is the population of LHA Charitable Trust?
LHA Charitable Trust's population is 5.
What section of the Internal Revenue Code governs charitable lead trusts?
A charitable deduction is allowed for a contribution of an income interest in trust (remainder to a noncharity) onlyif: (1) the donor is taxable on the trust income, and (2) the donated income interest is either a "guaranteed annuity" or a "unitrust interest." (Code Sec. 170(f)(2)(B); Reg § 1.170A-6 )
When was Joseph Rowntree Charitable Trust created?
Joseph Rowntree Charitable Trust was created in 1904.
When was Vikash educational charitable trust created?
Vikash educational charitable trust was created in 1993.
How can a person create a charitable trust?
To form a charitable trust a person needs to do the following step by step; choosing the trustees carefully, defining the goal or objective of the trust, and registering as a trust board under the Charitable Trust Act.
Can a trustee dissolve the charitable trust and keep the profits?
Can a trustee disolvevthe charitable trust and keep any profits
What is a sentence with the word charitable?
this is not a Charitable organization. People trust charitable organizations.
A charitable trust is usually governed by?
The attorney general of many states have the power to monitor anyone holding funds intended for "charitable purposes." This is the charitable trust, and may be administered by rules of the AG's office and by various state laws. A charitable remainder trust would be a different animal.
What does charitable lead trust do?
A charitable lead trust is a form of organisation that has special rights and laws governing its formation and structure. This is for taxation reasons.
Is income from a trust taxable to you?
Yes the income from the trust is taxable income to the owner of the trust or to the beneficiaries of the trust. Some one will have to pay income taxes on the income from the trust.
