On Wednesday, March 05, 2014 10:00:39 a l wrote:
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.
As the chief financial officer who is
After reconnecting with a CFO pal of mine last night and googling
everything i frantically wrote down that he said, I agree with him that,
legally, everything under contention can happily fall under ubit. After
hearing example after example, i'de be shocked if our issue being less than
49% of
imo a 990-t must be filed either way, (not cashing the checks means nothing
with a sublease that has the building owners signature on it (as he will be
filin it eitherway)), so why not just run it for 6 months. afaik it's too
late to do anything else (legally) without pretending events didn't
On Thursday, March 06, 2014 09:35:44 alex kot wrote:
Craig makes a good point. The way I see it all your doing is creating
unnecessary drama, let the 6 months ride out. Justin did this whole thing
out of good intent, probably caused him more of headache then if he just
spent his money at the
Sounds like “Phong Robotics” is just jealous that
Something New Entertainment thought of it first. Seriously, what do you
propose would be a
good approach? All I hear is bickering
about what should have been done. Yes a
mistake was made; we need to fix it so the board doesn't do it again.
Sounds like “Phong Robotics” is just jealous that Something New
How about we just be excellent to each other
*spews club mate all over screen* That was impressive, thank you, for that
dichotomy.
I've tried to not get involved in this since I don't actually think I'm
a big part of the SYNHAK
On Thu, Mar 6, 2014 at 4:41 PM, Ryan Rix r...@n.rix.si wrote:
Sounds like Phong Robotics is just jealous that Something New
How about we just be excellent to each other
*spews club mate all over screen* That was impressive, thank you, for that
dichotomy.
I've tried to not get involved
I think down the road Syn/Hak shouldn't be by any means a place of paid
storage. It is hacker space. This wasn't the original intent on the deal. I
think letting his lease complete at the 6 months and helping him move his
things out to another area, would be a nice thing to do. But also make an
The basic business model of the Columbus Idea Foundry is to rent workspace
to it's members. There are several artists - watercolor and oil painters,
glass blowers, welders, sculptors, and a guy who is making electric cars
who all rent space. It really adds to the environment and furthers the
Thanks for the varying perspectives Ryan and Dave. We are community
driven(for better or worse) so being able to serve our community is goal
number 1a). I have been waffling between supporting and being against
subletting this space. It's good to hear some views from a fairly outside,
but not
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
Can you please provide your source?
Thanks,
Devin
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On March 5, 2014 8:55:49 AM Torrie Fischer tdfisc...@hackerbots.net wrote:
I'm wearing my treasurer hat for this.
After some digging around, I've come to the conclusion that leasing
On Wednesday, March 05, 2014 09:09:54 Philip P. Patnode wrote:
TWIMC @ SH
If the leased racks and loaned racks have to go, I will donate money (up to
$100 for new materials) and time to build at least one 8ft x 8ft x 2ft
plywood shelving unit, with a solid panel back, on 6 heavy-duty wheels.
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
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
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 just...@gmail.com wrote:
Also
On Wed, Mar 5, 2014 at 9:12 AM, Justin Herman just...@gmail.com 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
On Wed, Mar 5, 2014 at 12:34 PM, Patrick Regan
patrick.rubbs.re...@gmail.com wrote:
On Wed, Mar 5, 2014 at 9:12 AM, Justin Herman just...@gmail.com wrote:
This has already be researched
http://www.irs.gov/pub/irs-pdf/p1828.pdf
Page 17 Section Rental Income:
Generally, income
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