Welcome Guest. Register Now!  


For 2014 Tax Tips For Year 2014.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 11-15-2014, 09:47 PM
Junior Member
 
Join Date: Nov 2014
Posts: 1
Question Does taxable annuity count as income if given away?

I am set to receive a taxable annuity. I will be donating it to a 501(C)(3) that I'm setting up. Since I account on a cash basis and since the money will never be in my possession, is it even income for me?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is Taxable or Non-Taxable Income? Samatg Income 5 01-12-2019 03:48 AM
Taxable Amount- Survivor Annuity sunday Income 0 04-09-2014 06:09 PM
What is a better investment in this market, a Fixed Annuity or a Variable Annuity? SamMoneyExpert CPA Forums 1 02-08-2013 01:30 AM
Does PA UC count S-corp distribution as income? Fitkath S-Corporation 0 12-31-2009 10:03 AM
1099 Does it count as 2008 income? MrJ71 Income 7 02-08-2009 11:16 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning