if you are a 50c3 are you are limited to 25,000 is that gross or net?

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if you are a 50c3 are you are limited to 25,000 is that gross or net?

2007-11-14 01:38:47 · 2 answers · asked by Karen D 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

Did you mean 501(c)3? A person can't have that designation, that's for a charitable organization. Please restate your question - not sure what you are asking.

There are some reporting requirements that are different for 501(c)3 organizations depending on whether their income is under $25K or over that.

2007-11-14 15:26:04 · answer #1 · answered by Judy 7 · 0⤊ 0⤋

Huh?? Your question does not make any sense. What is "50c3?"

2007-11-14 11:05:25 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋