I'm opening a preschool and was wondering if all schools could apply for tax-exempt status - or only non-profits? Thanks for responding.
2007-08-28 12:13:46 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You can only be tax exempt if you are non-profit. If you want to make money, why would you think you shouldn't pay taxes?
2007-08-28 12:20:04 · answer #1 · answered by Anonymous · 0⤊ 1⤋
All schools, no. Example Kindercare. You can apply for tax exempt status if you intend to operate as a non-profit.
2007-08-28 12:24:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, unless your school is a registered non-profit, you would not be tax-exempt. A for-profit school pays tax like any other business.
2007-08-28 14:21:05 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
A private non profit school can. A day care that is for profit cannot.
2007-08-28 12:22:00 · answer #4 · answered by bayoubelle24 5 · 0⤊ 0⤋
sure i think it is section 501 c
2007-08-28 13:00:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋