Category: How-Tos & Tips

Income for Public Charities: Related vs. Unrelated Business Income

Public charities can earn tax-free income if directly tied to their mission; unrelated income may be taxed.

Christian Nwachukwu
Tax-exempt charities can earn income if mission-aligned; unrelated income may face UBIT.

Exploring the IRS 27-Month Rule for Non-Profit Foundations

Learn how the IRS 27-Month Rule can secure retroactive tax-exempt status for your foundation from its start date.

Christian Nwachukwu
Learn how the IRS 27-month rule for tax-exempt status impacts foundations and donor incentives, with examples and tips.

How to Save Up to $10 Million in Taxes with Qualified Small Business Stock (QSBS)

Learn how Qualified Small Business Stock (QSBS) can help you reduce taxes and maximize cash flow.

Christian Nwachukwu
A guide to Qualified Small Business Stock (QSBS) for business owners, with key tips on maximizing tax savings and avoiding pitfalls.

Private Foundations and Required Distributions: A Guide to I.R.C. Section 4942 Compliance

Ensure your private foundation meets I.R.C. Section 4942 requirements to avoid IRS penalties.

Christian Nwachukwu
Ensure your private foundation meets I.R.C. Section 4942 requirements to avoid IRS penalties.

Essential Guide to the IRS Excise Tax: What Every Private Foundation Needs to Know

Private foundations must pay a 1.39% excise tax on net investment income, reported on Form 990-PF.

Christian Nwachukwu
Learn about IRS excise tax on private foundations' investment income, payment options, penalties, and compliance tips.

Seven Essential Questions Attorneys Should Ask Weighing a Job Offer

Consider more than salary when evaluating a legal job offer—ask the right questions.

Christian Nwachukwu
Seven Essential Questions Attorneys Should Ask Weighing a Job Offer

The Importance of Designating a Partnership Representative: A Guide for Business Owners

Learn the importance of designating a Partnership Representative to protect your tax interests.

Christian Nwachukwu
Learn the importance of designating a Partnership Representative to protect your tax interests.

Understanding Partnership Contributions: Navigating Liabilities and Tax Implications for Business Owners

Discover how contributing property with liabilities affects partnership taxes and business owners’ liabilities.

Christian Nwachukwu
Understand tax implications when partners contribute assets or services to a partnership.

Intellectual Property Considerations for Launching a New Product

Key IP considerations every business should address when launching a new product.

Christian Nwachukwu
Learn the essential IP steps for a successful product launch, from patents to trademarks, and protect your innovations.

Beneficial Ownership Information Reporting: A Comprehensive Guide for Small Business Owners

Failure to file BOI reports may result in daily civil penalties up to $500 or criminal fines up to $10,000.

Christian Nwachukwu
Non-compliance with BOI reporting can result in daily civil penalties up to $591, and criminal fines up to $10,000.

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