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Is charitable societies statutory bodies?
Charitable societies can be considered statutory bodies if they are established by law or under specific legislation that governs their formation and operation. In many jurisdictions, charitable societies are registered under specific acts, which grant them certain legal statuses and responsibilities. However, not all charitable organizations are statutory bodies; some may operate independently without formal statutory recognition. The classification often depends on the legal framework of the country in which they operate.
In what situation does executive privilege not apply?
Executive privilege does not apply when the president is under a criminal investigation.
Is it against the law not to vote under the constitution?
No. It is a privilege, not a right or a duty.
What is tax designation for nonprofit organization?
The tax designation for a nonprofit organization typically refers to its status under the Internal Revenue Code, most commonly 501(c)(3) for charitable organizations. This designation allows nonprofits to be exempt from federal income tax and enables donors to make tax-deductible contributions. To qualify, organizations must meet specific criteria, including being organized for charitable, educational, or religious purposes, and must adhere to regulations governing their activities and financial reporting.
What is the difference between a 501c3 and a 501c10?
501(c)(3) organizations are corporations organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals. 501(c)(10) entities are domestic fraternal societies, orders, or associations, operating under the lodge system and devoted exclusively to religious, charitable, scientific, literary, educational, and fraternal purposes, which do not provide for the payment of life, sick, accident, or other benefits. Organizations (social clubs), such as national college fraternities, are not what 501(c)(10) refers to. College frats that operate under a lodge system are different from organizations such as the Masons, Moose or Elks clubs that operate under the lodge system and are cover by this section. College frats are exempt under 501(c)(7).
Did the court hold that there are no circumstances under which executive privilege might be asserted?
No, the court did not hold that there are no circumstances under which executive privilege might be asserted. Instead, it acknowledged that executive privilege can exist but emphasized that it is not absolute and must be balanced against the need for disclosure in certain situations. The court's ruling highlighted the importance of judicial oversight in determining the applicability of executive privilege in specific cases.
Is it correct that charitable trust is filed as AOP under income tax?
yes
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.
What is 502 c3?
A 502(c)(3) organization refers to a specific type of nonprofit organization under the U.S. Internal Revenue Code, particularly designated for charitable, educational, or religious purposes. These organizations are exempt from federal income tax and can receive tax-deductible contributions. The designation is often used interchangeably with 501(c)(3), which is the correct IRS section for tax-exempt charitable organizations. The distinction may arise from a typographical error, as 502(c)(3) does not exist in the IRS code.
Does charitable institutions are not exempted from taxes?
Charitable institutions are generally exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, provided they meet specific criteria related to their charitable purpose. However, they may still be subject to certain taxes, such as payroll taxes, unrelated business income tax (UBIT), and local taxes. Additionally, maintaining tax-exempt status requires adherence to strict regulations and reporting requirements. Thus, while many charitable organizations enjoy tax exemptions, they are not entirely free from all tax obligations.
What are the release dates for Power Privilege and Justice - 2002 Dirty Secrets Down Under 9-9?
Power Privilege and Justice - 2002 Dirty Secrets Down Under 9-9 was released on: USA: 18 September 2009
How can the auditor be useful in achieving the objectives of a Charitable Trust or Society and a Cooperative Society.What is the legal position under the relevant status.?
How can the auditor be useful in achieving the objectives of a Charitable Trust or Society and a Cooperative Society.What is the legal position under the relevant status.?
