LLC vs S-Corp & Entity Choice
“A charity called asking for a donation and promised it was fully tax deductible, how do I verify their 501(c)(3) status with the IRS before I give them money?”
Questions about charitable giving often turn on whether the organization is recognized as tax exempt, how the donation is documented, and whether the name used in a solicitation matches the legal name on IRS records. In many cases, verification involves checking the charity’s status through IRS resources and reviewing any written acknowledgment or receipt the group provides. It can also matter whether the donation is cash, property, or something with special restrictions, since recordkeeping expectations may vary. When a caller says a gift is fully tax deductible, the details behind that claim are often what determine how reliable it is. A targeted review with a CPA can turn the uncertainty into a clear next step.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I formed a single-member LLC but forgot to get an EIN, can I just use my Social Security number on my Schedule C without issues?”
“I am transitioning my W-2 income into a consulting business, does electing S-Corp status actually lower my self-employment tax?”
“My solo business is making about the same as my old salary, should I switch from a sole proprietorship to an S-Corp?”
“I have a profitable side hustle on top of my day job, is it worth the administrative cost to form an LLC just for that income?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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