Re: [MLUG - DISCUSSION] [POLITICS] what next?

[Mike Miller <EMAIL:PROTECTED>]

On Wed, 30 Nov 2005, Stephen Montgomery-Smith wrote:

> Rick Buford wrote:
> > Mike Miller wrote:
> >
> > > I should study up on that and how it works.  It might be a bad idea. 
> > > On the other hand, we give tax breaks to non-profits.  Are those 
> > > different breaks?
> >
> > I believe it to be the same thing, but IANAA (I am not an accountant =)
>
> This might help you:
>
> http://www.irs.gov/publications/p526/ar02.html#d0e278

Sure.  That makes sense (I put it below).  I think religion fits in there. 
Maybe the Arts fit into the Educational, and that covers things pretty 
well.  Religious groups are usually charitable and educational (er, at 
least they try to teach people about their religion!).

Mike


Generally, only the five following types of organizations can be qualified 
organizations.

1. A community chest, corporation, trust, fund, or foundation organized or 
created in or under the laws of the United States, any state, the District 
of Columbia, or any possession of the United States (including Puerto 
Rico). It must be organized and operated only for one or more of the 
following purposes.

         1. Religious.
         2. Charitable.
         3. Educational.
         4. Scientific.
         5. Literary.
         6. The prevention of cruelty to children or animals.

      Certain organizations that foster national or international amateur 
sports competition also qualify.


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