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The article discusses additional tax benefits and requirements affecting nonprofit corporations under California law. An overview of federal and state tax deductions for contributions is provided, along with types of contributions and nondeductible gifts. Also addressed are unrelated business income tax, nonprofit tax exemption, attorney general reporting requirements, and welfare exemption under California law. The article explains nonprofit tax benefits and tax and nontax requirements under 501(c)(3) nonprofit law.

The article discusses guidelines for addressing income tax issues during the process of divorce. A rough calculation of federal and state taxes can be made to avoid problems and an accountant or tax preparer can be asked for help. Publications related to divorce include "Your Federal Income Tax for Individuals" and "Divorced or Separated Individuals." Factors such as tax rate, tax losses from partnerships and tax benefits may affect the tax bill.

The article focuses on the chapter 13 of the book "Tax Savvy for Small Business." It discusses the legal framework of a family business as well as the taxation rules involved. It says that families can join various types of business structures for better distribution of tax benefits. It also explores various techniques of income splitting for a lower tax payment which include hiring of children, making them as co-owners, and placing older parents on payroll.

The article focuses on chapter eight of the book "Tax Savvy for Small Business." It discusses the taxation issues of small business C corporations which have the capacity to have properties, get into contracts, borrow money, and sue and be sued. It explores tax benefits of C corporations including greater fringe benefits, income splitting, and dividends received deduction. It stresses the importance of Section 1244 stock in C corporations that enable shareholders to have better tax treatment.

The article focuses on the tax benefits that should be taken from business losses of small business. It says that owners of a sole proprietorship, a limited liability company, a partnership, or an subchapter (S) corporation can claim their operating business losses (NOLs) on their yearly Form 1040 individual tax returns. It states that an NOL is utilized to balance other income which is commonly from a tax savings. However, an NOL cannot deduct a taxable income of a person to lesser than zero.

Chapter 32 of the book "Plan Your Estate," is presented. It presents information about the various types of estate plans available. It presents information on how couples and single owners in different age group manage their estate. It mentions that one should makes plan for their estate in such a way that the probate process is avoided and should opt for those plans which offer them tax benefits.

Chapter 4 of the book "Making It Legal," by Frederick Hertz is presented. It explores the impact of non-recognition of same-sex marriages by the U.S. federal government as well as various state governments on taxation, employment benefits and health benefits of same-sex couples. It offers suggestions on how same-sex couples should file their tax returns to receive maximum benefits under both federal and state laws.

Chapter 20 of the book "Tax Deductions for Professionals" is presented. It discusses the importance of record keeping and accounting for tax benefits. Without keeping records of the profits, it will be impossible to know the amount of profit and hence it will be difficult for the business to prepare for taxes. It is stated that businesses should have accounting systems that perform the same recording functions that were used to be done on paper.

Chapter 16 of the book "Tax Deductions for Professionals" is presented. It focuses on the tax rules for professionals in the U.S., who have incorporated their corporations. The tax rules that apply to a person as an employee of a business that he own or co-own are the same as those that apply to any corporation with employees. The decision of the amount of payment to themselves in case of incorporated practice is important for tax consequences.

Chapter 12 of the book "Tax Deductions for Professionals" is presented. It discusses the tax deductions and other income tax benefits for retirement account contributions and earnings in the U.S. Retirement accounts provide enormous tax benefits that are intended to maximize the amount of money people can save during working years. A sole proprietor and partner in a partnership can deduct contributions from personal income tax.

Chapter 2 of the book "Complete Guide To IRAs and IRA Investing: Wealth Building Strategies Revealed" is presented. This chapter reports on traditional Individual Retirement Arrangements (IRAs). Working individuals ages 18 to 70½ can open an IRA. It notes that individuals without earned income can also set up an IRA if their spouse has earned income. Wages, commissions and separate maintenance payments are among the examples of earned income. Tax benefits of an IRA are also discussed.

Chapter 6 of the book "Choosing the Right Legal Form of Business: The Complete Guide to Becoming a Sole Proprietor, Partnership, LLC, or Corporation," by P K Fontana is presented." It offers information on establishing corporations and also discusses its advantages and disadvantages. It further mentions that establishment of corporations, which offers its owners with business growth, tax benefits and built-in liability shield, requires submission of articles of incorporation.

Chapter 8 of the book "Nolo's Essential Retirement Tax Guide," by Twila Slesnick and John C. Suttle is presented. It explores the available tax benefits for other types of property such as rental property, vacation homes, and second homes which depend on how a particular property is used. Moreover, it says that depreciable basis of the property should be determined at the time the property was used in rental business to figure how much depreciation one may claim each year.

Chapter 6 of the book "Nolo's Essential Retirement Tax Guide," by Twila Slesnick and John Suttle is presented. It explores educational tax benefits provided for the student's own education, such as the Lifetime Learning Credit, higher education expense deduction and Hope Credit for college freshman or sophomore enrollees in a degree program. It discusses how to claim those educational benefits as well as the benefits from interest payment on a student loan and Section 529 plans.

Chapter 5 of the book "Nolo's Essential Retirement Tax Guide," by Twila Slesnick and John Suttle is presented. It explores the tax benefits in doing charity contributions and volunteer work after retirement and discusses its three main categories such as cash, property and volunteer work. It highlights the type of charity donations which are not deductible including contributions to foreign charities, free use of vacation homes or other property, and political campaign contributions.

Chapter 4 of the "Nolo's Essential Retirement Tax Guide," by Twila Slesnick and John Suttle is presented. It explores several tax benefits concerning the health of a retiree, which include age and blindness deduction, medical expense deduction, and health savings accounts (HSA). It presents a list of deductible and nondeductible medical expenses such as travel and health insurance premiums. It also discusses several tax strategies to help save money in taxes.

Chapter 2 of the book "8 Ways to Avoid Probate" is presented. It focuses on Individual Retirement Accounts (IRAs) which offer tax breaks that helps savings grow quickly, providing retirement income later. They also avoid probate which enable people to give benefit to their families even after their deaths. In IRAs, people can change their beneficiaries at any time and it is easy for the beneficiary to claim the money after the account holder's death.

Chapter 9 of the book "The Real Estate Investor's Handbook: The Complete Guide for the Individual Investor," by Steven D. Fisher is presented. It discusses the four elements that determine the return on investment (ROI) including net cash flow, depreciation tax benefits and appreciation. It explains formulas for RIO calculation including net operating income, gross potential income (GPI) and effective gross income (EGI).

Chapter 5 of the book "Vouchers & the Provision of Public Services" is presented. It explores the housing certificate program of the U.S. where low-income households receive federal voucher assistance to help pay for rental housing. It highlights the tax benefits that the program offers to developers of low-cost housing projects as well as the history of the program. It discusses the fundamentals of the program.

A definition of the finance term "synthetic lease," which allows a company to get tax benefits associated with owning real estate while keeping debt associated with it off its balance sheets, is presented.