Question:
profit organization purchasing a home for a non-profit organization?
CAN A PROFIT ORGANIZATION PURCHASE A HOUSE THEN QUIT CLAIM THE HOUSE OVER TO A NON-PROFIT ORGANIZATION? ALSO,CAN THE PROFIT COMPANY CLAIM A TAX DEDUCTIONS FOR PURCHASING THE HOUSE AND WHAT KIND OF TAX DEDUCTIONS CAN THE NON-PROFIT COMPANY GET

Answer:
They can do it. It would be a charitable contribution if, and only if, the not-for-profit organization is a sec 501(c)(3) organization, or considered a charity by the IRS. If it is not, it gets a lot more difficult, tax wise, for both organizations. Consult a tax professional in your area.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • BlinkList
  • Furl
  • Reddit
  • StumbleUpon
  • Technorati
  • YahooMyWeb


Resource related business question and answer:

Non Profit Organization Fund Raising - The ClubShop Affinity Group ...

Non-Profit Organization Fund Raising ... that your organization referred, will earn the purchasing ... Home: About Us: List your Store at the ClubShop Mall: Non-Profit Fund Raising: Terms ...

Non-Profit Purchasing Program

Purchase of Service Providers: You are eligible to purchase off of Statewide Contracts if your organization's name appears on this list: Eligible Providers.