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  • Oct 19, 2005, 03:47 PM
    Idelozier
    Charitable Contributions
    I have a Gospel Music Band. I have not applied for non-profit status although the real income is much less the $10,000 a year. An individual has expressed a desire to donate a Bus for us to travel in, however, they would like to write it off as a donation to this ministry. Is this possible?
  • Oct 19, 2005, 08:13 PM
    SSchultz0956
    You better apply for non-profit status.
  • Oct 19, 2005, 10:40 PM
    Idelozier
    Charitable Contributions
    Thanks for the advice

    Idelozier
  • Oct 20, 2005, 05:47 AM
    fredg
    Taxes
    Hi,
    Have you considered talking with a CPA? ( a Certified Public Accountant).
    Even if your budget is under $10,000, you would be much better off talking with a Professional who deals with this type of taxes and categories.
    Find one locally, and they might not even charge you anything for some good advise; ask them about the cost of talking with them. They could probably do your yearly taxes for less than $100, and you could also have the "peace of mind" that everything is being taken care of by a professional.
    They can guide you on what is "charitable", non-profit, and tell you all about the tax laws that apply.
    May God bless you, and keep you safe in your travels.
  • Oct 20, 2005, 07:10 AM
    Idelozier
    Hey - you have to be right on! That is the first thing I thought about this morning - that possibly a CPA could advise me. Thanks for confirming it.
    And thanks for the "God Bless".

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