990-T IRA

[MuggsyB]

Do any of you have one?  Apparently 120K Americans who do had their information leaked by the IRS. 

[We R Final Four]

SUPERBAR MUGGSY!

[MUUWUWM]

Muggsy ditto

[TAMU, Knower of Ball]

Hopefully our defense has less leaks than the IRS

[Dr. Blackheart]

Hopefully our defense has less leaks than the IRS

And can grab the easy rebates.

[tower912]

Wasn't that a droid in the Star Wars series?

[Jay Bee]

Hiring 87k gun-toting agents should fix dis

[tower912]

Hopefully.


But more to the point, in language you can understand ...

Patently, demonstrably false!

Lies!


(I get why you do this. Kind of fun)

[cheebs09]

NIL causing another issue. IRS focusing on all those issues rather than Cyber Security.

[Uncle Rico]

Do any of you have one?  Apparently 120K Americans who do had their information leaked by the IRS.

Probably at Mar-a-Lago

[bilsu]

An individual would only need to file a 990-T for an IRA if you have more than a $1,000 of unrelated business income.
This can happen, if you have an investment in a limited partnership in your IRA. Code 20V on a K-1 is unrelated business income. You would need to add up the amount on line 20V on all of your K-1's to see if it exceeds a $1,000. The average person will not have this.
990-T's are mostly filed by foundations and not for profits. In their case the most common unrelated business income is rent income and advertising income. In some cases, admission income can be considered unrelated business income. That is why you will see some admissions listed as a voluntary donation.

[Jay Bee]

An individual would only need to file a 990-T for an IRA if you have more than a $1,000 of unrelated business income.
This can happen, if you have an investment in a limited partnership in your IRA. Code 20V on a K-1 is unrelated business income. You would need to add up the amount on line 20V on all of your K-1's to see if it exceeds a $1,000. The average person will not have this.
990-T's are mostly filed by foundations and not for profits. In their case the most common unrelated business income is rent income and advertising income. In some cases, admission income can be considered unrelated business income. That is why you will see some admissions listed as a voluntary donation.

Whatcha doin this holiday weekend, bruh? Maybe a little chess tourney and root beer floats wit da bois??

[MuggsyB]

SUPERBAR MUGGSY!

My apologies. 

[Shooter McGavin]

nm

[brewcity77]

nm

Wrong thread.

[real chili 83]

An individual would only need to file a 990-T for an IRA if you have more than a $1,000 of unrelated business income.
This can happen, if you have an investment in a limited partnership in your IRA. Code 20V on a K-1 is unrelated business income. You would need to add up the amount on line 20V on all of your K-1's to see if it exceeds a $1,000. The average person will not have this.
990-T's are mostly filed by foundations and not for profits. In their case the most common unrelated business income is rent income and advertising income. In some cases, admission income can be considered unrelated business income. That is why you will see some admissions listed as a voluntary donation.

I use this to report income from manatee bacon sales.

[TSmith34, Inc.]

The 990-T Main Battle Tank is likely to swing the war in Ukraine's favor I reckon.

[Newsdreams]

I use this to report income from manatee bacon sales.

Delicious, finger licking good!

[MuggsyB]

All marine mammals should be allowed to respond to human attacks with force. 

[Uncle Rico]

All marine mammals should be allowed to respond to human attacks with force.

They can't because they're stupid

[Newsdreams]

They can't because they're stupid

And yummy

[Billy Hoyle]

Is that the bad guy in Terminator 2?

[MuggsyB]

They can't because they're stupid

They are not close to being stupid.  You're probably the person who dropped off that innocent puppy in the middle of the road yesterday in Tennessee. 

[Uncle Rico]

They are not close to being stupid.  You're probably the person who dropped off that innocent puppy in the middle of the road yesterday in Tennessee.

No way.  I'd never visit Tennessee willingly

[rocket surgeon]

No way.  I'd never visit Tennessee willingly

Thank God, Tennessee is pretty unforgiving with child molesters and wife beaters