â Organizational tax; taxes on changes of capital. An Employer Identification Number (EIN), also known as a federal tax identification number, identifies a business entity. Generally, all businesses need an EIN. An EIN is a nine-digit number that the Internal Revenue Service assigns to a business. The IRS uses the number to identify taxpayers that are required to file various business tax returns.
***** ** There are independent ** private colleges that are ** not for profit corporations or NGOs ***** These are usually treated like State Institutions but will have to pay taxes on investment property and no mission enterprises. Source(s): packinrat Â· 8 years ago.
Condominium homeowner's association dues are tax deductible only on rental properties. Condominium homeowner's dues for your primary residence or a second home are not tax deductible.Typically, only one situation permits a homeowner to get a tax write-off for monthly condominium dues. If you own a condo that is rented to others, homeowner's dues qualify as an operating expense for an investment property.he IRS considers condominium homeowner's association dues and assessments as non-deductible items for a logical, although not always welcome, reason. Since the homeowner's association is neither a state nor local government agency, condominium monthly dues are not tax deductible.