Cohousing-L Mailing List: Re: unqualified expenditures

[Raines Cohen (raines-coho-L]

"Sheehan, Chris" <Chris.Sheehan [at] moltech.com> wrote on 5/24/01 10:01 AM:

>What do other groups in the US do about expenses and income for such things
>that are taboo for federal taxes (babysitting, kitchen programs, yearly
>Cohousing Network membership, etc)? 

What's unqualified/"taboo" about membership in a nonprofit professional 
association that provides educational materials that supports your 
mission? TCN membership may even be tax-DEDUCTIBLE in part (if your 
organization isn't already tax-exempt). Sounds to me like a legitimate 
expense for the business. Lots of Homeowner Associations have budgets for 
publications/memberships, and there are lots of HOA member 
organizations... TCN is just another one, from a tax auditor's point of 
view, it would seem to me.

Raines

Raines Cohen <coho-L [at] raines.com> <http://www.swansway.com/>
Where it's starting to feel like summer.

  Vice President, Swan's Market Cohousing [Old Oakland, CA]
Looking forward to a "just us" (internal) open house/BBQ Monday.

  Member, East Bay Cohousing [no site yet] <http://www.ebcoho.org/>
Happy to see 17 people (13 new!) at last Sunday's orientation/mtg.

  Boardmember, The Cohousing Network <http://www.cohousing.org/>
Reminding you that one week remains in which to get the best rates for the
North American Cohousing Conference, July 20-22, Berkeley, CA.


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