Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-04-2008, 12:57 PM
Junior Member
 
Join Date: Dec 2008
Posts: 1
Proceeds from Organizing Class Reunion

I am organizing a high school reunion in Westchester County, New York State and don't want to be financially responsible for the $25,000+ in deposits that will be made to a checking account that I need to establish to ultimately pay the costs of the reunion. The account will be closed once the reunion has passed.
Can I establish a bank account in a name other than my own? Should I get a taxpayer ID number in the name of the Reunion? I don't want to have to have related tax returns prepared.
Any insight into how this is handled would be greatly appreciated! Thank you.
Laura Santello


Last edited by Magoogle100 : 12-04-2008 at 01:00 PM.


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



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
Senator Obama proposes to simplify the tax filing for Middle Class Americans! TaxGuru Democrats 0 07-25-2008 12:06 PM
Are proceeds received from the sale of inherited property considered taxable income? pinky Income 2 09-13-2007 01:30 PM
Are Life Insurance Proceeds generally subject to Federal income taxes? Edmund Life Insurance 1 08-25-2007 11:53 AM

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
 
 
 

» Recent Tax Q&A
No Threads to Display.