Re: How to accept donations
From: Sharon Villines (sharonsharonvillines.com)
Date: Mon, 15 Dec 2008 06:04:23 -0800 (PST)
Although other communities can give you ideas to explore, tax rules vary so much by state and by form of legal entity as it is defined locally that any definitive answer will only come from a local CPA or other tax expert,.

Another concept, however, might be more useful. As long as the tax rate is not 100%, income is rarely a loss. Taxable income is not bad unless income is bad. You still end up with the portion of the income that remains after taxes.

Sharon
----
Sharon Villines
Takoma Village Cohousing,Washington DC
http://www.takomavillage.org




Results generated by Tiger Technologies Web hosting using MHonArc.