[Noisebridge-discuss] deep crack announcement .. tax issue/
Sai Emrys
noisebridge at saizai.com
Wed Oct 7 22:16:24 UTC 2009
On Wed, Oct 7, 2009 at 2:47 PM, Martin Bogomolni <martinbogo at gmail.com> wrote:
> Does accepting such a high-value donation have any tax implications for NB?
IANAL & IANYL, but:
TTBOMK as someone who's read this stuff, the main thing this impacts
is how the IRS classifies NB in determining whether it is a
non-profit. There are two different tests - IIRC, 'public support' vs
... something else, I forget what. This came up once before on NB and
I gave all the details and links; search the mailing list for me and
IRS and you'll find it.
However, there's an exception for unusual one-time donations (which
this clearly is). That exception might have limits, though; I don't
remember what they are if any.
I'd suggest it's worth asking the NB tax lawyer just in case.
- Sai
More information about the Noisebridge-discuss
mailing list