In this episode of the Taylor Tax Show podcast, Terrence Taylor and Big Al Donnell Jr. discuss taxes and nonprofits. They emphasize the importance of understanding the tax benefits for nonprofits, distinguishing between donors and beneficiaries, and structuring nonprofits properly for optimal tax benefits. The hosts explain their shift in focus from individuals to taxpayers and share valuable lessons for listeners to take away from the episode. Tune in to learn how to save on taxes legally as a high-profile taxpayer involved with nonprofits.
“The entire premise of a non-profit is that they are a corporation whose profits are not being taxed."
Highlights:
[00:03:05] Non-profits and taxes.
[00:06:11] Benefits for nonprofit donors.
[00:11:35] Strategic gift giving.
[00:18:47] Nonprofit real estate strategies.
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