[Idelozier]

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?

[SSchultz0956]

You better apply for non-profit status.

[Idelozier]

Thanks for the advice

Idelozier

[fredg]

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.

[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".