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Form 8718 for Stamford Connecticut: What You Should Know

Form No. Name of FormVersionFormJD‑FM-002Income Withholding for Support Rev. 12/21FM002.pdfJD‑FM-002(i)Instructions For Income Withholding For Support Rev. 12/21FM002i.pdfJD‑FM-003 Summons, Family Actions Rev. 12/21FM003.perform No. Name of FormVersionFormJD-FM‑006Cemetery Benefit Rev. 06/22FM006.pdfFMS-B-02, FM MS-B-002, FM MS-B05, FM MS-B-013 Cemetery Benefit (Form FM MS‑B-003 or FM MS-B-002) Form FM MS‑B-003.PDF Cemetery Beneficiaries' Release (Form FM MSB–013) Form FM MSB–013.PDF Cemetery Benefit — Withholding of Tax Credit (Form FM MS-B-010) Form FM MSB–010.PDF For more information on the Connecticut Trustees Program, view the Connecticut Trustees Program website. Federal Tax Exempt, Federal Tax Free, or FTF — If you are a non-profit organization, your federal tax exemption (federal tax-free) is based on your gross revenue. Under the Income Tax Act, all of your gross revenue, including all gifts made to, or received by, the non-profit organization is exempt from federal income tax (other than income tax or the alternative minimum tax that you pay). Under the Internal Revenue Code, all of your gross revenues after payment of all the expenses of the non-profit organization's operations are exempt from federal income tax. The purpose of the Federal tax-exempt (federal tax-free) organization status is to provide a tax shelter. By providing a tax shelter, the Non-Profit Income Exempt Organization (NPO) pays the same income taxes as an individual does. So, in order for an entity to be an exempted non-profit organization (NPO), it must have enough money to operate, and pay its expenses. But all non-profits are required to pay a federal tax. So for non-profits it is necessary for them to have an income. There are three types of IRS Income Tax Exempt Organizations (NPS) — Federal Tax Exempt, Non-Profit and Non-Profit Tax Free.

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