Tax assignment

[Name of teacher]

Tax assignment

8.

The key tax issue that needs to be considered by helping people Inc is that it would be subject to federal income tax. But as the company is labeled as an exempt entity it would be required to maintain the same status of being an exempt entity in Washington dc in order to escape federal income taxation. This would be difficult as the Helping People, Inc is currently considering having a law firm, whose sole purpose would be to oppose the new legislation.

Yes there would be serious tax implications since the main objective of the firm ...