|Re: How to accept donations||<– Date –> <– Thread –>|
|From: Rob Sandelin (floriferousmsn.com)|
|Date: Sun, 14 Dec 2008 10:02:31 -0800 (PST)|
ANY income you generate from any source is taxable at 15%. This is simply how the tax system works. Unless you spin off a 501C3 as an adjunct to your organization, and this is complex and expensive, any donations made in cash that get on your books are taxable. Rob Sandelin Sharingwood Community Snohomish County, WA -----Original Message----- From: Anne Fleck [mailto:solianna [at] cablespeed.com] Sent: Saturday, December 13, 2008 9:50 AM To: 'Cohousing-L' Subject: [C-L]_ How to accept donations Hi, I'm trying to formulate a method for Jackson Place Cohousing in Seattle, Washington to accept donations. We currently have no system to "charge" for use of our facilities or let members simply contribute to our maintenance or projects (or anything else) out of the "goodness and kindness of their hearts". It is my understanding that as a condo association we can do this without incurring taxes. I've checked the archives on Coho-L but I'm not finding anything directly addressing this topic. If anyone out there knows how to set up the bookkeeping for this, please contact me here or at solianna [at] cablepseed.com You will have my eternal gratitude. Anne Little _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
How to accept donations Anne Fleck, December 13 2008
- Re: How to accept donations Rob Sandelin, December 14 2008
- Re: How to accept donations Raines Cohen, December 15 2008
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