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For all of 2012, Aaron (a calendar year taxpayer) allowed the City Men's Shelter, a qualified charitable organization, to use a building he owns rent-free.The building normally rents for $12,000 a year.Aaron must report $12,000 of rent income and will be allowed a charitable contribution deduction for 2012 of $12,000.
Gymnastics
a sport involving exercises, performances, or routines requiring physical strength, flexibility, agility, coordination, and balance.
Executive Order
A directive issued by the President or a government official that has the force of law, typically without the need for legislative approval.
Nonconstruction Employer
A business or organization that does not primarily engage in construction activities or projects.
Federal Contractors
Companies or individuals that enter into contracts with the federal government to provide goods or services, subject to specific regulations and requirements.
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