3 Questions¨So I can put my 6 unit apt building as Low income Rental, owned by my non Profit 501 c 3 and from the rental income pay myself a salary. The salary is considered wages and taxable under my individual Tax Return 1040 right? ? And what if I want to sell the Apt. building. Do I have to reinvest the profit into another Real estate low income affordable rental? or can the proceeds be used for another endevaur? and 3rd, Does my Non profit has to pay Capital Gains tax or any tax? Thank you for your precious advise. 💖
@@waynecmontgomery hopefully you’re using a fake name & profile picture since you’re basically incriminating yourself on a social media platform 🙄🤦🏼♂️
I have all the paperwork for the non profit and business butchery I have all of that and it's been going for over 2 yrs and had some9ne steal money claiming they were with me and they were not !
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@lennoxmutterick6434 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
I do understand from personal asset protection view it's protected. However, what if the lawsuit is against the private foundation itself? e.g. Rental inside the private foundation got sued by a tenant or 3rd parties?
Cool video. I just filed for chapter 7 bankruptcy; will finalize end of the year.. wish I could go back and redo somethings; negotiate send in 609 letters etc.. but it’s about done. I was able to keep my 42k home ; worth 140k currently in my market. Pittsburgh PA. I’ve wanted to start a non profit for bot only low income assistance, but also helping clean the community. Everywhere you look there’s trash. Unlike any state or city I’ve seen before. I’ve considered selling my home with inflation. However I’m worried about being able to obtain another home loan. Ill need some extra cash. Maybe this non profit is a creative way to help with my expenses.
I am a disabled online consumer educator. Working on building my platform online. It is only me. What would be the best type of formation for my type of business I am educating my members for $1 per month per household.
51% of the board is supposed to be non related. What happens if more than 51% is related? I'm assuming the biggest nonprofits are run by family members and I'm curious how they are allowed to do that
Private foundations allow families to have the same basic structure as a public charity, but related people can exclusively run the board. There reduced maximums for tax avoidance, they have to spend 5% of their income on charity, and Board members have some restrictions on salary.
If you are starting a private operating foundation in California with 3 people, all of which are on the board, and all of which are also going to be employees/officers can we all be paid a salary eventually while also being the only 3 on the board as long as it is fair?
Thank for all your Advice. I just started an EBay business working under sole proprietor how would I change to escort or should I do that? Again thank you.
A little question, just a little cause I'm a nice person of this world =D no irony, no. It's about 501(c)3 cause I see it on a lot of fundraising sites and I understand this is a FED request but I don't even have a visa for the US. I have for Taiwan, Europe cause I was there for a year, etc. But I was thinking of making a social & ecological project in the Yucatan half island and of course some funding is needed aside of my physical and emotional strength since the car crash where my beloved Nancy died and I stayed for some time in coma., Thanks for any tip. =D
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
So... I could turn my Holistic Healthcare and spiritual support services (and healthy skincare products and classes) into a non-profit with my daughters on the board and add my home I minister out of??? I am totally interested in being walked thru the process, yes please. My business is not "official " I'm filing this year as independent contractor after realizing I was so not ready to fork out $800 taxes within months of startup so I canceled my LLC thru the state. 2nd year officially now. Thank you for this info. I'd certainly love to protect this legacy I've been guided to create to help others and offer more community support (like sound baths, Biofield Tuning, QiGong, guided breathwork and meditation). I do work by suggested donation range in lieu of calling it a fee. I'm Akasha with Medicine Mother Ministries in NorthernCalifornia/central valley. Please advise if there is a tutorial process you offer. Bonus gift if you may be open to trade services. Glad the algorithm gods sent you my way. 😆 Blessings and gratitude✨️🙏💖
We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Randy Leverett Hi Toby, I watched the latest tax tuesday (my first). I do not see the link for the free 88 page emergency binder you mentioned near the end of the podcast. I enjoyed it very much and learned a lot. Thanks Randy
Does it make sense to start a professional football league as a not-for profit, and later, phase into -for profit- when proof of concept bears out? Thanks for any help you can offer!
I feel like you are speaking directly to me . I wanna start a non profit organization that helps single mother and hungry kids in America . Can you please help me get this started please , I have a plan , just don’t know where to start it with , I feel you can give me some directions
I'm glad my video resonated with you! Starting a non-profit organization is a noble cause. My team can definitely offer some guidance to help you get started. I recommend signing up for a free consultation first with my team to help you get started. Visit: aba.link/6a0418
Thank you for asking! I recommend setting up a free consultation to discuss strategies and how they apply to your unique situation. Visit: aba.link/6a0418
I found that a 501c3 requires a $600 fee to file. But I couldn't find any information on if there are fees for filing information returns annually. Do you know anything about that?
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. Sign up here: aba.link/6a0418
Great question, I recommend setting up a free consultation to discuss some strategies and how they apply to your unique situation. Sign up here: aba.link/6a0418
Fantastic. I am setting one up to introduce "at risk" kids to mountain biking and nature. I would rather see my tax dollars go to something that will benefit society vs " I am not sure anymore". What is the maximum amount of gross revenue that can be written off when donated ?
Toby...Question with the non profit it has to purchase items so will a bank require a persons name attached to the account even though it’s for the non profit. Theres a lot of work I would love to do with the elderly in my area these people are just not being looked after properly and it just breaks my heart, I do have residual income to push into it so I’m planing on having a chat to a few a few professionals in my area about setting up a non profit.
No, a non-profit does not have owners, only directors. This is because non-profits are specifically formed to provide the public good and "owned" by the public rather than individuals or entities.
Ho Toby-- I'm one of your business's clients lol. I'm wondering if you make a 501(c)(3) that's based on animals which can help Veterna's with PTSD.... in addition to the small salary I pay myself could the charity also pay for a company truck and company health insurance fees? That is if the charity itself is a "fell time endeavor"..... thanks!
Hi Edward, we recommend speaking with one of our advisors regarding our services. You may call to speak with an advisor at our toll-free line, 800-706-4741.
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Good evening, So glad I came across this page. I have a nonprofit 501c3 to assist lupus patients. I’ve had it Since 2017. And I’m so lost. Because I’ve have had the worst advice. Down to my taxes. I’m trying to move forward and purchase a home to teach ways of living on a budget. And maintain a tidy home and or DIY’s around a home etc. any advice?
We highly recommend signing up for one of our free strategy sessions andersonadvisors.com/ss/ There you can gain some sound advice and start making plans for the future.
You must be a Tax Attorney because you know way too much about Taxation for an Attorney 😂. Your channel is great thank you for all of your videos and sharing your wealth of knowledge
Claim Your FREE 45-minute Investment Strategy Session to receive nonprofit entity tips and asset protection. 👉 aba.link/6a0418
I like to learn more about 501c3
like attend workshops…how do I attend?
3 Questions¨So I can put my 6 unit apt building as Low income Rental, owned by my non Profit 501 c 3 and from the rental income pay myself a salary. The salary is considered wages and taxable under my individual Tax Return 1040 right? ? And what if I want to sell the Apt. building. Do I have to reinvest the profit into another Real estate low income affordable rental? or can the proceeds be used for another endevaur? and 3rd, Does my Non profit has to pay Capital Gains tax or any tax? Thank you for your precious advise. 💖
Attorney Mathis thanks for the advice, I was able to put my condo into a nonprofit and I am now real estate tax-exempt. Thank you for the guidance.
Glad it was helpful!
did you give it away to the nonprofit or do you still live in it? could you please explain why you did that ?
@@313Violator313 , and yes this was my nonprofit I did it to avoid paying real estate taxes
@@waynecmontgomery Can you tell me more personally about your success stories?
@@waynecmontgomery hopefully you’re using a fake name & profile picture since you’re basically incriminating yourself on a social media platform 🙄🤦🏼♂️
Thank you for sharing this, it gave me an informed but basic look at what is involved and possibly what to expect. This was a great starting point 🙏
Glad it was helpful! Thank you for watching.
I LOVE YOUR VIDEOS! Always so much value
I have all the paperwork for the non profit and business butchery I have all of that and it's been going for over 2 yrs and had some9ne steal money claiming they were with me and they were not !
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@lennoxmutterick6434 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Lourd-Bab Oh please I’d love that. Thanks!
@@lennoxmutterick6434 Clementina Abate Russo is her name
Lookup with her name on the webpage.
Thank you. Where can I go look up this kind of stuff? I want to start a farm to have a type of food bank.
Ide like to start a farm and know people who live a similar life style! Where are you in the United States?
I do understand from personal asset protection view it's protected. However, what if the lawsuit is against the private foundation itself? e.g. Rental inside the private foundation got sued by a tenant or 3rd parties?
Cool video. I just filed for chapter 7 bankruptcy; will finalize end of the year.. wish I could go back and redo somethings; negotiate send in 609 letters etc.. but it’s about done.
I was able to keep my 42k home ; worth 140k currently in my market. Pittsburgh PA. I’ve wanted to start a non profit for bot only low income assistance, but also helping clean the community. Everywhere you look there’s trash. Unlike any state or city I’ve seen before.
I’ve considered selling my home with inflation. However I’m worried about being able to obtain another home loan. Ill need some extra cash. Maybe this non profit is a creative way to help with my expenses.
I am a disabled online consumer educator. Working on building my platform online. It is only me. What would be the best type of formation for my type of business I am educating my members for $1 per month per household.
I look forward to working directly with you & Patrica once the property in Florence, OR sells.
Thank you for the wisdom.
I have a question (Can i start a non-profit organization to build section 8 homes with peoples donations)????
51% of the board is supposed to be non related. What happens if more than 51% is related? I'm assuming the biggest nonprofits are run by family members and I'm curious how they are allowed to do that
Same
Private foundations allow families to have the same basic structure as a public charity, but related people can exclusively run the board.
There reduced maximums for tax avoidance, they have to spend 5% of their income on charity, and Board members have some restrictions on salary.
Excellent explanation, thank you!
Glad it was helpful!
Great information and very digestible format. Thank you for taking the time to make this and share it.
It was our pleasure! Thank you for watching!
do you set up no profit ,, in full where all we do is take papers to take to bankfor a 501,,3
If you are starting a private operating foundation in California with 3 people, all of which are on the board, and all of which are also going to be employees/officers can we all be paid a salary eventually while also being the only 3 on the board as long as it is fair?
What if you have a 5 year dry run 0 or negative assets (basically not making money 5 years) and still have to 5% min req distribution
Thank for all your Advice. I just started an EBay business working under sole proprietor how would I change to escort or should I do that? Again thank you.
Thanks! very informative
A little question, just a little cause I'm a nice person of this world =D no irony, no.
It's about 501(c)3 cause I see it on a lot of fundraising sites and I understand this is a FED request but I don't even have a visa for the US. I have for Taiwan, Europe cause I was there for a year, etc. But I was thinking of making a social & ecological project in the Yucatan half island and of course some funding is needed aside of my physical and emotional strength since the car crash where my beloved Nancy died and I stayed for some time in coma., Thanks for any tip. =D
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
So... I could turn my Holistic Healthcare and spiritual support services (and healthy skincare products and classes) into a non-profit with my daughters on the board and add my home I minister out of??? I am totally interested in being walked thru the process, yes please. My business is not "official " I'm filing this year as independent contractor after realizing I was so not ready to fork out $800 taxes within months of startup so I canceled my LLC thru the state. 2nd year officially now. Thank you for this info. I'd certainly love to protect this legacy I've been guided to create to help others and offer more community support (like sound baths, Biofield Tuning, QiGong, guided breathwork and meditation). I do work by suggested donation range in lieu of calling it a fee. I'm Akasha with Medicine Mother Ministries in NorthernCalifornia/central valley. Please advise if there is a tutorial process you offer. Bonus gift if you may be open to trade services. Glad the algorithm gods sent you my way. 😆
Blessings and gratitude✨️🙏💖
We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Thanks. Very informative
Randy Leverett
Hi Toby, I watched the latest tax tuesday (my first). I do not see the link for the free 88 page emergency binder you mentioned near the end of the podcast. I enjoyed it very much and learned a lot. Thanks Randy
Hi Randy, you can download the emergency binder here: aba.link/nzj
Thanks for joining Tax Tuesday!
Does it make sense to start a professional football league as a not-for profit, and later, phase into -for profit- when proof of concept bears out? Thanks for any help you can offer!
Can you trade stocks under a nonprofit?
I feel like you are speaking directly to me . I wanna start a non profit organization that helps single mother and hungry kids in America . Can you please help me get this started please , I have a plan , just don’t know where to start it with , I feel you can give me some directions
I'm glad my video resonated with you! Starting a non-profit organization is a noble cause. My team can definitely offer some guidance to help you get started. I recommend signing up for a free consultation first with my team to help you get started. Visit: aba.link/6a0418
You are my hero!❤
Do you recommend this for other businesses than real estate?
Thank you for asking! I recommend setting up a free consultation to discuss strategies and how they apply to your unique situation. Visit: aba.link/6a0418
I found that a 501c3 requires a $600 fee to file. But I couldn't find any information on if there are fees for filing information returns annually. Do you know anything about that?
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. Sign up here: aba.link/6a0418
Are there any restrictions for a nonprofit to give away property to program recipients?
Great question, I recommend setting up a free consultation to discuss some strategies and how they apply to your unique situation. Sign up here: aba.link/6a0418
Fantastic. I am setting one up to introduce "at risk" kids to mountain biking and nature. I would rather see my tax dollars go to something that will benefit society vs " I am not sure anymore". What is the maximum amount of gross revenue that can be written off when donated ?
60%
Thanks Man 👍
No problem 👍 thanks for watching our content!
If you don’t take a salary what’s the other way to pay yourself?
So helpful.
Glad it was helpful!
Thanks Toby!
We're glad you enjoyed the content!
International stock market, your name, all caps, in commodities........bought and sold, every day it's open......
Few know of this and even fewer care. All will complain though
You forgot that the New York Stock Exchange was a nonprofit.
Hi, I have a few questions on my end; how can we get in contact directly with you?
You can find our contact info on our webpage: andersonadvisors.com/
Toby...Question with the non profit it has to purchase items so will a bank require a persons name attached to the account even though it’s for the non profit. Theres a lot of work I would love to do with the elderly in my area these people are just not being looked after properly and it just breaks my heart, I do have residual income to push into it so I’m planing on having a chat to a few a few professionals in my area about setting up a non profit.
Is there a good book u suggest? Besides nonprofit for dummies...
I wish I had something I could recommend. We do teach a free course a couple of times per year.
Can a living Trust own the non profit?
No, a non-profit does not have owners, only directors. This is because non-profits are specifically formed to provide the public good and "owned" by the public rather than individuals or entities.
@@TobyMathis if it is public owned...who then appoints directors
@@benjaminiwuno1014I think it’s a president
Ho Toby-- I'm one of your business's clients lol. I'm wondering if you make a 501(c)(3) that's based on animals which can help Veterna's with PTSD.... in addition to the small salary I pay myself could the charity also pay for a company truck and company health insurance fees? That is if the charity itself is a "fell time endeavor"..... thanks!
Hi Edward, we recommend speaking with one of our advisors regarding our services. You may call to speak with an advisor at our toll-free line, 800-706-4741.
So can a trucker become a nonprofit?
Hello
Do you have an office in Los angeles?
We do not have a physical location in Los Angeles but we do operate virtually within the state of CA.
You are a great teacher! Kodo to you! ❤️❤️❤️
Thank you! 😃
I need some advice how to grow my ngo
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Am I able to ask a specific questions somehow without broadcasting it here?
You dm our social media channels (would that be better?) instagram.com/andersonadvisors/
What kind of money would you need to have to setup a non profit?
Good evening,
So glad I came across this page. I have a nonprofit 501c3 to assist lupus patients. I’ve had it Since 2017. And I’m so lost. Because I’ve have had the worst advice. Down to my taxes. I’m trying to move forward and purchase a home to teach ways of living on a budget. And maintain a tidy home and or DIY’s around a home etc. any advice?
We highly recommend signing up for one of our free strategy sessions andersonadvisors.com/ss/
There you can gain some sound advice and start making plans for the future.
You must be a Tax Attorney because you know way too much about Taxation for an Attorney 😂.
Your channel is great thank you for all of your videos and sharing your wealth of knowledge
Thanks for watching!
Sound is better to have own business instead to have nonprofits
You totally missed the point. Non profit helps with taxes
❤
This is all fact not theory......
Replay
@TobyMathis what the best number or way to reach you to discuss my particular situation
i really want to start a non-profile 501c3 only feeding the homeless in alabama . can you help me get started
Replay