Business Opportunities Weblog

November 30, 2002 by Dane Carlson | 0 Comments

Home Based Business Opportunities:

If you or your organization has a worthwhile need for items you can’t afford to purchase, there are often ways to obtain those items for free. By setting up a non-profit organization, you can accept donations of equipment from businesses and individuals who want to help the community while obtaining tax write-offs for outdated equipment.

The structure of non-profit organizations is narrowly defined according by the Internal revenue Service, and the qualifying groups usually divide up into educational, religious, artistic or social service organizations. A non-profit organization exhibits certain characteristics. It is incorporated and set up to achieve public goals. It is exempt from federal taxes under IRS code section 501 (c) (

, and gifts made to organization can be deducted by the donor. It is also at least partially exempt from state, county and city taxes.

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