02-08-2013, 03:44 PM
Excise taxes are not income taxes. And the taxes you mention have to do with disqualified persons. If you look up the IRS definition, none of us members are disqualified persons...unless you know of someone in the previous five years who had the influence over the club to benefit personally? The other definitions don't apply at all.
I'm not trying to argue with anyone about having a moral obligation to have a charitable purpose, I was just trying to clarify the tax issue you brought up.
I'm not trying to argue with anyone about having a moral obligation to have a charitable purpose, I was just trying to clarify the tax issue you brought up.
Kris
2003 Porsche Boxster
2001 Nissan Pathfinder
2003 Porsche Boxster
2001 Nissan Pathfinder