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6

The key difference is that Best Buy is a corporation, and you are probably thinking of a painter who does not do business as a corporation. (They might be a sole proprietor, for instance.) As far as I know, the $600 rule isn't about Form W-9 itself. Rather, the rule is that when your business pays more than $600 for services, you may be required to file ...


5

It's always amazing to me why some people find it so difficult to understand, just because the word "crypto" is involved. It goes like this: Cryptocurrency is an asset, like any other asset. It's also a currency, but that part can be ignored for this purpose. Buying an asset, any asset, is (usually) not a taxable event. "Buying" in this case consists of ...


2

For a small nonprofit, I'd assume that those positions would not need to be listed. Under current IRS guidance, the organization must list: "All of its current officers, directors and trustees." The positions you've mentioned do not appear to match any of these categories, at least as defined in the Form 990 Glossary. "Up to 20 current employees who ...


2

The "shared responsibility payment" is a tax and not a fine, at least according to parts of the Supreme Court ruling on the matter (National Federation of Independent Business v. Sebelius, 567 U.S. 519). Under Executive Order 13765, departments of the executive branch were allowed to "exercise all authority and discretion available to them to waive, defer, ...


2

General Considerations Most non-profits either have self-perpetuating boards of directors, or have members or delegates whose elect a board. Membership in a typical non-profit would be defined to include donors and/or volunteers, or people who have affirmed the organization's principles. In very large organizations, members frequently elect delegates to a ...


1

It would appear not legal to sign up for a PayPal account while not using your real name, reading the TOS at PayPal: Prohibited Activities You may not use the PayPal service for activities that: 1. violate any law, statute, ordinance or regulation. Signing up for a banking service using a fake name is fraud just about anywhere. If you did sign up ...


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