Thanks for the relevant sources and calm voicing of concerns. To this end: Just because things require taxing does not mean we cannot conduct them. We would just need to weigh the benefits and time involved.
Regards, Andrew L On Mar 5, 2014 9:24 AM, "Justin Herman" <[email protected]> wrote: > Also since this has been brought up before... > > ...the following activities are specifically excluded from the definition > of unrelated trade or business: > > - *Volunteer Labor*: Any trade or business is excluded in which > substantially all the work is performed for the organization without > compensation. Some fundraising activities, such as volunteer operated bake > sales, may meet this exception. *[Bake SALE at the proposed Auction?]* > - *Convenience of Members*: Any trade or business is excluded that is > carried on by an organization described in section 501(c)(3) or by a > governmental college or university primarily for the convenience of its > members, students, patients, officers, or employees. A typical example of > this is a school cafeteria. *[Selling Arduinos or other consumables in > a vending area?]* > - *Selling Donated Merchandise*: Any trade or business is excluded > that consists of selling merchandise, substantially all of which the > organization received as gifts or contributions. Many thrift shop > operations of exempt organizations would meet this exception. *[All > the donated Computers?]* > > > > http://www.irs.gov/Charities-&-Non-Profits/Charitable-Organizations/Unrelated-Business-Income-Tax-Exceptions-and-Exclusions > > > On Wed, Mar 5, 2014 at 9:12 AM, Justin Herman <[email protected]> wrote: > >> This has already be researched.... >> >> http://www.irs.gov/pub/irs-pdf/p1828.pdf >> >> Page 17 Section Rental Income: >> >> "Generally, income derived from the rental of real property and >> incidental personal property is excluded from unrelated business income." >> >> It goes on to state HOW it would not qualify. (if there is a mortgage, if >> personal services are rendered, if a parking lot is charged) >> >> I thought that this might not relate to us as this doc is targeted for >> religious orgs. So I called the IRS before and they stated that this is for >> ALL 501(c)(3) orgs. >> >> >> On Wed, Mar 5, 2014 at 9:03 AM, Devin Wolfe <[email protected]> wrote: >> >>> Can you please provide your source? >>> >>> Thanks, >>> Devin >>> >>> Sent with AquaMail for Android >>> http://www.aqua-mail.com >>> >>> >>> >>> On March 5, 2014 8:55:49 AM Torrie Fischer <[email protected]> >>> wrote: >>> >>> I'm wearing my treasurer hat for this. >>>> >>>> After some digging around, I've come to the conclusion that leasing out >>>> this space is incredibly likely to be considered a violation of our 501c3 >>>> status as it is unrelated income. That $100/mo will need to be taxed and >>>> somehow proven that leasing out our space to non-hacking purposes will >>>> further our mission of providing infrastructure to creative people. >>>> >>>> I'm not cashing any checks that arrive. >>>> _______________________________________________ >>>> Discuss mailing list >>>> [email protected] >>>> https://synhak.org/mailman/listinfo/discuss >>>> >>> >>> >>> _______________________________________________ >>> Discuss mailing list >>> [email protected] >>> https://synhak.org/mailman/listinfo/discuss >>> >> >> > > _______________________________________________ > Discuss mailing list > [email protected] > https://synhak.org/mailman/listinfo/discuss >
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