User Account

All Pages

Is the entity required to file an annual information return

Assignment Help Accounting Basics
Reference no: EM132650457

Problem - Wong, Inc., a § 501(c)(3) organization, is a private foundation with a tax year that ends on May 31. Gross receipts for the fiscal year are $180,000, and the related expenses are $160,000.

Required -

a. Is the entity required to file an annual information return?

b. If so, what form is used?

c. If so, what is the due date?

d. How would your answers in parts (a), (b), and (c) change if Wong were an exempt organization that was not a private foundation?

Reference no: EM132650457

Questions Cloud

Why is object-oriented programming valuable skill : Why is object-oriented programming a valuable skill? Besides programming, what are some other tasks you can perform with Python 3?
Identify the global societal problem within the introductory : Describe background information on how that problem developed or came into existence. Identify the global societal problem within the introductory
Research storage virtualization and benefits : You will need to research storage virtualization and its benefits. You will research the common client hardware and software
Determine an audience for persuasive attempt : Make an argument for why that issue matter. Determine an audience for your persuasive attempt. Consider how you'll communicate with that audience
Is the entity required to file an annual information return : Wong, Inc., a § 501(c)(3) organization, is a private foundation with a tax year that ends on May 31. Is the entity required to file an annual information return
Business practices that many experts are predicting : Does Blockchain technology have the potential to cause the paradigm shift in business practices that many experts are predicting?
Is Seagull required to file an annual : Seagull, Inc., a § 501(c)(3) exempt organization, uses a tax year that ends on October 31. Is Seagull required to file an annual Form 990
Comparing categories and distributions of quantities values : Categorical: Comparing categories and distributions of quantities values. Hierarchical: Charting part-to-whole relationships and hierarchies
Calculate the amount of Kind unrelated business income : Kind, Inc., an exempt organization, leases land, a building, and factory equipment to Shirts, Inc. Calculate the amount of Kind unrelated business income

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd