02-08-2013, 04:04 PM
So, Mike, RTR fits the definition of a 501©(4) perfectly as we have a recreational purpose so I'm not sure what we're arguing about. Again, your initial statement regarding taxes gave me the impression you were saying we had to pay taxes if we didn't spend the club's money for charitable purposes. To most people, when you talk taxes, they assume income taxes. I was just trying to clarify, not challenge you. We are on the same side, after all.
BUT, I am a CPA, and spent 15 years out of my (Oh, shit, I'm old!) 30 years accounting experience as a tax accountant, and have worked with many non-profit organizations in that capacity. In my present position, I am also treasurer of Baseballtown Charities, a 501©(3). I'm sure you don't want my entire résumé, so I'll just leave it at that.
I'm all for Planes & Porsches. It's a great event, and Miller-Keystone is a terrific organization.
BUT, I am a CPA, and spent 15 years out of my (Oh, shit, I'm old!) 30 years accounting experience as a tax accountant, and have worked with many non-profit organizations in that capacity. In my present position, I am also treasurer of Baseballtown Charities, a 501©(3). I'm sure you don't want my entire résumé, so I'll just leave it at that.
I'm all for Planes & Porsches. It's a great event, and Miller-Keystone is a terrific organization.
Kris
2003 Porsche Boxster
2001 Nissan Pathfinder
2003 Porsche Boxster
2001 Nissan Pathfinder