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If your 55 years old are you exempt from paying taxes on pension?

No. You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.


Why should church property be exempt from taxes?

You could make the argument that it should be tax exempt because it's nonprofit, but separation of church and state says that as an entity that isn't operated by the state, it should be taxed like any thing else.


How would you classify donations received. Are they income?

The amount could possibly be income to you. Since you are NOT a qualified charitable tax exempt organization that has been approved by the IRS to receive any charitable donations that you could give the the taxpayer a receipt for that would allow the taxpayer to take a charitable donation on the taxpayer schedule A itemized deduction of the 1040 federal income tax return.


Where could a person find reviews of budget software?

There are many places where a person could find reviews of budget software. Many people now share information about products that they have purchased on online blogs that can be easily found and accessed by anybody.


Why does a church need a tax id number if it is nontaxable?

Any 501c organization needs to have this Federal Tax ID number to prove it's existence as a non-profit business. Gifts given (financial and/or in kind) are tax deductible for the donor - without that Tax ID proof, you could not deduct those donations off your income tax. As above, it would prove how it is qualified and what type of tax exempt organization it is (there are many types). Not all income is exempt for any of them...income unrelated to their charitable purpose is not for example...(say sales of food doing catering for affairs (or a gift shop) at your local VFW or Church....these are simply money making enterprises, in competition with others, and are generally subject to tax). The tax exempt entities while maybe not subject to income tax, do frequently have many other taxes they pay....employee/payroll related for example. They are also subject to audit, where they have to show how they raised the funds, handled them, and used them....and that it was all done in accord with why they were granted a tax exempt status.

Related Questions

What is meant with tax exempt form in finances?

Sales tax exempt forms are for individuals or companies that are exempt from sales tax. This could be if you run a charitable, educational or other organizations.


Can a permanently disabled person's bank account be frozen from a debtor?

Your accounts could be frozen or seized depending on the laws in that state but if you are collecting disability that money is exempt.


What is the dangers of having to give information in person during the war?

You could be killed


What is ths sex?

Sex is having intercourse with another person, it also could be petting.


Can someone answer this question if a person were having an asthma attack while physically being violently choked could that person have died?

yes


Why you should approach an unconscious person with care?

You should approach them with care because the person could be having a seizure or they could be choking on an object and you may not realize it if you rush towards them to help


Why are you shaking so much?

Well, I could be scared or cold. I could also be having a seizure or something similar. There are a lot of reasons a person could be shaking.


What do you call a person who thinks nasty things?

A person who thinks nasty things could be described as pessimistic, cynical, or having a negative mindset.


Could a person with no health insurance go tojail for not having any?

No but if they ran someone over they would.


How does education affect a person's personality?

Having a good education could lead to having a positive self-image, self-confidence also help with secondary socialisation. Having a bad education/lack of could affect someones self-esteem.


You are three weeks late on your period could you be pregnant?

You Could Be, But Some People Go Multiple Months In A Row Without Having Their Period, It Just Depends On The Person. Try A Test. You Could Be, But Some People Go Multiple Months In A Row Without Having Their Period, It Just Depends On The Person. Try A Test.


How can you describe how a person has some pride or esteem in himself that could hardly accept having done a foolish act or having a wrong attitude?

try to inspire them