ST Alpha - "IRS Chief Counsel rules that NIL collectives cannot be qualified as non-profit entities under 501(c)(3) (warning: PDF) -- (link)" (Reading a Post)

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IRS Chief Counsel rules that NIL collectives cannot be qualified as non-profit entities under 501(c)(3) (warning: PDF) -- (link)

Posted by spamlet Jun 12 '23, 13:20

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Meaning they'll be taxed on their revenues and any "donations" won't be deductible. (www.irs.gov)

Responses:

sorry. I just had a booster treasurer escrow account flashback - oblique 🌈 Jun 12, 13:27
sorry SEC (the corrupt one) -- nm - hollywood big shot Jun 12, 13:23 1
- now do megachurches -- (link) - hollywood big shot Jun 12, 13:34

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