English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

..... from taxes w/out becoming non-profit?

2006-07-04 10:17:23 · 9 answers · asked by ? 3 in Business & Finance Taxes United States

9 answers

An individual can't "become non-profit" only a corporation (legal definition, not commonly understood definition) can be a non-profit entity for income tax purposes. The only scenario I can imagine in which an individual would "become non-profit" is if you're operating your own non-profit organization and receiving income for it with your personal income. In this case income received for the non-profit organization would not part of your personal income, but you would have a mountain of special tax forms and legal paperwork to go through this; you would need extensive use of a CPA, and likely an attorney.

As for declaring "independent of taxes", it's not possible. All US citizens are required file a tax return, unless their income is so low that their personal exemption and standard deduction is greater than their income (but they still should because they can probably get a refund). Since employers are required to withold federal income taxes from your paycheck anyway, claiming "indpendence from taxes" wouldn't do much of anything. You'd actually hurt yourself by not claiming a refund on the excess tax witheld over what you determine you owe at the end of the year. If the IRS realized you weren't "paid up", you could be fined or even sent to jail.

In certain situations, you may be able to keep your employer from witholding your federal and state income taxes from your paycheck (on the W-2 form you fill out when you start your job). This is generally in low-paying, part-time jobs, and intended for people who make so little that they would get all of the tax witheld back at the end of the year anyway. Since the W-2 form goes from your employer to the IRS, it would be almost guaranteed that they would check that anyone who did this was fully "paid up" at the end of the year. If one of these people wasn't "paid up", they'd get audited, probably fined, and possibly even jailed.

In short, there's no way to keep from paying taxes. However, researching some tax planning techniques (or consulting a CPA if you have a complicated income situation) can help you to reduce how much taxes you pay, legally.

2006-07-04 19:35:50 · answer #1 · answered by NM505 3 · 1 0

You can declare anything you want. Unfortunately, if you have any taxable world wide income, you will be required by law to report it and pay the taxes. BTW, an individual can not be non-profit, only an approved organization (approved by the IRS) and then you will STILL have to fill a return. No escaping it...sorry!

2006-07-05 03:57:36 · answer #2 · answered by extra_37 4 · 0 0

Some people claim that you can, and a book was written a few years by a woman in California on how you're not really obligated to file a federal income tax but you have been made to believe that. She appeared on all the news and talk circles promoting her book..... until the IRS got a hold of her.

It has been a few years and I don't know how that ended up, though.

2006-07-04 10:22:27 · answer #3 · answered by imagineworldwide 4 · 0 0

this question is what the Civil conflict grew to become into fought over. actually South Carolina pronounced that their get admission to into the union grew to become into voluntary, and that in the event that they might % to go away, that could be voluntary too. whilst they left, many of the different southern states did besides. Jefferson Davis, President of the accomplice States of u.s., had this to declare on the challenge: "The withdrawal of a State from a league has no present day or insurrectionary characteristic. the government of the State remains unchanged as to all inner affairs. it quite is purely its exterior or accomplice family that are altered. To term this action of a Sovereign a 'insurrection' is a gross abuse of language." Lincoln argued that if a state threatened to go away each time some thing did no longer pass that's way, then the rustic as an entire may be vulnerable and that grew to become into some thing he might desire to no longer manage. properly, the form has very sparkling regulations on ratifying the rfile, and including new states. It does not, even with the incontrovertible fact that, say something approximately leaving, one way ot the different. So from a in elementary terms criminal and literal point of view, there is not any sparkling answer. interior the tip, of course, the north gained the conflict over the south, and so Lincoln's view prevailed. whether or no longer it is precise is as much as you i assume, yet purely undergo in innovations that if Texas, to apply your occasion, desperate to go away, they does in comparison to go away without a combat.

2016-12-10 04:33:02 · answer #4 · answered by Anonymous · 0 0

Here is the law..a US taxpayer (individual, corporation, estate, partnership or trust) is REQUIRED to report worldwide income, not just what is made inside the US.
This bs of declaring independence is just another scam that has been around awhile, hoping to catch those who are grasping at anything.
Save yourself a lot of heartache..don't fall for this one.

2006-07-07 17:34:35 · answer #5 · answered by besttaxexpert 2 · 0 0

Sort of like a tree falling in an empty forest. You can declare all you want, but no one will hear you.

2006-07-04 13:06:10 · answer #6 · answered by TaxGuru 4 · 0 0

Sure, you can declare it, but you'll end up in jail if you don't pay your taxes.

2006-07-04 10:21:12 · answer #7 · answered by David T 4 · 0 0

Just dream on.

2006-07-04 13:55:21 · answer #8 · answered by rockEsquirrel 5 · 0 0

indepence from who? from independent country????

2006-07-04 15:47:37 · answer #9 · answered by Steven 1 · 0 0

fedest.com, questions and answers