Listen "Business & Foundation Q&A Call 03/20/23"
Episode Synopsis
See the Video Recording here: https://us02web.zoom.us/rec/play/hNPpZE2WCh7IwC8QavPx6VQboyS9CFumxOImsXbRAUasToS-2B-cCUil0umDeWqCr3QEPbipP28e99uY.knZ5VbML8To25lOV?autoplay=true&startTime=1679328430000Access the Live Transcript here: https://otter.ai/u/rpjIQH5R8eh4Mck1rK8SWKzQNeE?utm_source=copy_urlLooking to invest in Life Insurance and leverage your Trust?Receive your Free Quote here: https://www.abundancegroup.com/insuranceReach out to Charles Hooper with the Stewardship Institute to file the 1023-EZ Form to receive your determination letter:-Charles Hooper-Phone: (916) 543-3205-Email: [email protected] on Self-Dealing: Private Foundations | Internal Revenue Service: https://www.irs.gov/charities-non-profits/private-foundations/taxes-on-self-dealing-private-foundationsGoodwill vs. Other Intangible Assets: What's the Difference?:https://www.investopedia.com/articles/investing/100614/goodwill-vs-other-intangible-assets-whats-difference.asp#:~:text=Key%20Takeaways,agreements%2C%20and%20website%20domain%20namesAbout Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations: https://www.irs.gov/forms-pubs/about-form-7203Outline:-How long does it take to get a determination letter?6:23-Family Retreats to the heart.13:07-The definition of an endowment.17:46-Forming a Pllc in Oklahoma.24:12-The definition of impairment of goodwill.30:18-Do you need to do tax returns for each division?37:15-Filing a form to establish a partnership.42:56-How to prepare a Cfr for a trust.48:17
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