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Author Topic: 990-T IRA  (Read 1782 times)

MuggsyB

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990-T IRA
« on: September 02, 2022, 05:29:37 PM »
Do any of you have one?  Apparently 120K Americans who do had their information leaked by the IRS. 

We R Final Four

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Re: 990-T IRA
« Reply #1 on: September 02, 2022, 05:49:34 PM »
SUPERBAR MUGGSY!

MUUWUWM

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Re: 990-T IRA
« Reply #2 on: September 02, 2022, 05:50:21 PM »
Muggsy ditto

TAMU, the Wizard of MU Basketball

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Re: 990-T IRA
« Reply #3 on: September 02, 2022, 05:59:18 PM »
Hopefully our defense has less leaks than the IRS
God, grant me the serenity to accept the things I cannot change,
The courage to change the things I can,
And the wisdom to know the difference.

~Prayer of the Scooper

Dr. Blackheart

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Re: 990-T IRA
« Reply #4 on: September 02, 2022, 06:12:56 PM »
Hopefully our defense has less leaks than the IRS

And can grab the easy rebates.

tower912

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Re: 990-T IRA
« Reply #5 on: September 02, 2022, 06:19:02 PM »
Wasn't that a droid in the Star Wars series?
Luke 6:45   ...A good man produces goodness from the good in his heart; an evil man produces evil out of his store of evil.   Each man speaks from his heart's abundance...

It is better to be fearless and cheerful than cheerless and fearful.

Jay Bee

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Re: 990-T IRA
« Reply #6 on: September 02, 2022, 06:20:53 PM »
Hiring 87k gun-toting agents should fix dis

tower912

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Re: 990-T IRA
« Reply #7 on: September 02, 2022, 06:22:54 PM »
Hopefully.


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

Patently, demonstrably false!

Lies!


(I get why you do this. Kind of fun)
« Last Edit: September 02, 2022, 06:33:45 PM by tower912 »
Luke 6:45   ...A good man produces goodness from the good in his heart; an evil man produces evil out of his store of evil.   Each man speaks from his heart's abundance...

It is better to be fearless and cheerful than cheerless and fearful.

cheebs09

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Re: 990-T IRA
« Reply #8 on: September 02, 2022, 06:39:25 PM »
NIL causing another issue. IRS focusing on all those issues rather than Cyber Security.

Uncle Rico

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Re: 990-T IRA
« Reply #9 on: September 02, 2022, 06:41:50 PM »
Do any of you have one?  Apparently 120K Americans who do had their information leaked by the IRS.

Probably at Mar-a-Lago
Tis a shame, 'tis a rotton shame, for if ye can enjoy the walkin’ ye can probably enjoy the other times in yer life when ve're in between. And that's most o' the time; wouldn't ye say?

bilsu

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Re: 990-T IRA
« Reply #10 on: September 02, 2022, 08:05:31 PM »
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

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Re: 990-T IRA
« Reply #11 on: September 02, 2022, 08:18:45 PM »
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

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Re: 990-T IRA
« Reply #12 on: September 02, 2022, 08:51:36 PM »

Shooter McGavin

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Re: 990-T IRA
« Reply #13 on: September 02, 2022, 11:05:11 PM »
nm
« Last Edit: September 03, 2022, 05:20:39 AM by Shooter McGavin »

brewcity77

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Re: 990-T IRA
« Reply #14 on: September 03, 2022, 06:10:39 AM »
When asked how he felt about Marquette being picked to finish ninth in the Big East, Tyler Kolek only had two words:
.
"F**k 'em."

real chili 83

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Re: 990-T IRA
« Reply #15 on: September 03, 2022, 08:30:18 AM »
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

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Re: 990-T IRA
« Reply #16 on: September 03, 2022, 09:26:20 AM »
The 990-T Main Battle Tank is likely to swing the war in Ukraine's favor I reckon.
Pooba of Biggot Buffons

Newsdreams

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Re: 990-T IRA
« Reply #17 on: September 03, 2022, 11:51:31 PM »
I use this to report income from manatee bacon sales.
Delicious, finger licking good!
Goal is National Championship

MuggsyB

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Re: 990-T IRA
« Reply #18 on: September 04, 2022, 09:51:01 AM »
All marine mammals should be allowed to respond to human attacks with force. 

Uncle Rico

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Re: 990-T IRA
« Reply #19 on: September 04, 2022, 09:51:22 AM »
All marine mammals should be allowed to respond to human attacks with force.

They can’t because they’re stupid
Tis a shame, 'tis a rotton shame, for if ye can enjoy the walkin’ ye can probably enjoy the other times in yer life when ve're in between. And that's most o' the time; wouldn't ye say?

Newsdreams

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Re: 990-T IRA
« Reply #20 on: September 04, 2022, 10:20:56 AM »
They can’t because they’re stupid
And yummy
Goal is National Championship

Billy Hoyle

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Re: 990-T IRA
« Reply #21 on: September 04, 2022, 09:55:39 PM »
Is that the bad guy in Terminator 2?
“You either smoke or you get smoked. And you got smoked.”

MuggsyB

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Re: 990-T IRA
« Reply #22 on: September 05, 2022, 08:30:45 AM »
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

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Re: 990-T IRA
« Reply #23 on: September 05, 2022, 08:35:18 AM »
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
Tis a shame, 'tis a rotton shame, for if ye can enjoy the walkin’ ye can probably enjoy the other times in yer life when ve're in between. And that's most o' the time; wouldn't ye say?

rocket surgeon

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Re: 990-T IRA
« Reply #24 on: September 05, 2022, 08:56:04 AM »
No way.  I’d never visit Tennessee willingly

Thank God, Tennessee is pretty unforgiving with child molesters and wife beaters
"I got hairy legs that turn blonde in the sun. The kids used to come up and reach in the pool & rub my leg down so it was straight ..i learned about kids jumping on my lap and i've loved kids jumping on my lap"

 

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