Discussion:Non-profit
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| Revision as of 17:06, 26 June 2006 Taxref (Talk | contribs) (I have not worke) ← Previous diff |
Revision as of 19:59, 26 June 2006 Mshelden (Talk | contribs) (Your organizatio) Next diff → |
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| {{ForumReplyPost|UserID=Taxref|Date=26 June 2006|Text=I have not worked with tax-exempts for a couple of years now, but it sounds as though the exact facts and circumstances will determine if the value of the barter is program revenue. If not program revenue, there could be UBIT issues.}} | {{ForumReplyPost|UserID=Taxref|Date=26 June 2006|Text=I have not worked with tax-exempts for a couple of years now, but it sounds as though the exact facts and circumstances will determine if the value of the barter is program revenue. If not program revenue, there could be UBIT issues.}} | ||
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| + | {{ForumReplyPost|UserID=Mshelden|Date=June 26, 2006|Text=Your organization may just have donated services. Check line 82 on the 990 for a place for that. I think the facts you need to look at are whether the advertising was used for the orgs exempt purpose and not to turn a profit, e.g. Public Service ads.}} | ||
Revision as of 19:59, 26 June 2006
Discussion Forum Index --> Tax Questions --> Non-profit
| 26 June 2006 | |
| Anyone do any work with non-profits? Non-profit (not 501(c)(3)) trade organization licenses trademark, gives no-compete and gives up membership list in exchange for approxiamately $70,000,00 a year in advertising space in a magazine. Is 70K income to non-profit? Other issues? | |
| 26 June 2006 | |
| I have not worked with tax-exempts for a couple of years now, but it sounds as though the exact facts and circumstances will determine if the value of the barter is program revenue. If not program revenue, there could be UBIT issues. | |
| June 26, 2006 | |
| Your organization may just have donated services. Check line 82 on the 990 for a place for that. I think the facts you need to look at are whether the advertising was used for the orgs exempt purpose and not to turn a profit, e.g. Public Service ads. | |
