What is a trustee in a 501c3?

A nonprofit’s board of trustees is responsible for overseeing the operation of the organization and assuring the organization’s conformance with the law. ...

What is magi tax?

Modified Adjusted Gross Income (MAGI) in the simplest terms is your Adjusted Gross Income (AGI) plus a few items — like exempt or excluded income and cert...

What is cost adjusted basis?

In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items. Adjusted Basis or Adjusted Tax Basis refers t...