A trust be formed 6 years ago but no undertakings perform so far. How do we start the actions from very soon?

The trust was established within Febr 2002 with 4 member. Bank account open two years back. No actions performed so far base on the trust. Now we are interested in running the trust actively. How do we walk ahead from here like getting rule registration, tax exemption, fund raise, etc., Do let us know.

My mother purely sold her rental building for 400K. When is she supposed to directory taxes for the property gain?



Answers:   You should look into the lingo under which the trust be established. If no tax psyche was issued, later you can apply at the irs website (under charities) - there you will find further information about other requirements and import tax issues. You can't do any fundraising until you have that sorted out. For more information around nonprofit organizations, you can look into the tons resources publicly available at the Foundation Center - www.foundationcenter.org

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