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Old 07-06-2007, 11:54 AM   #127
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Quote:
Originally Posted by rickandsandi
Correct me if I am wrong, but WBCCI is NOT a non-profit or charitable organization and as such may have it's own by-laws and regulations.

Directory - p24 Sec 1 - Sorry your are mistaken - We would be a Not-for Profit corporation.
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Old 07-06-2007, 12:09 PM   #128
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Quote:
Originally Posted by GT1963
Directory - p24 Sec 1 - Sorry your are mistaken - We would be a Not-for Profit corporation.
So that would mean that my dues and my time volunteered to the rallies and the window decals my company does for all the units are tax-deductable? Then the gas and food and tolls used to attend a rally are also? How cool!
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Old 07-06-2007, 12:17 PM   #129
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Ummm thats not how it works.... they are organized under 501(c)(4) of the IRS code - which means they are a social club - not a charity, but exempt from paying tax...

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Old 07-06-2007, 12:28 PM   #130
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Quote:
Originally Posted by Ken J
Ummm thats not how it works.... they are organized under 501(c)(4) of the IRS code - which means they are a social club - not a charity, but exempt from paying tax...

Ken J.
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Old 07-06-2007, 12:29 PM   #131
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I did a search some time ago on the IRS database and the club is not listed as being a 501 anything. They are however registered an a not for profit business in the state of Ohio. The original filing was on June 21, 1957 and is still active.
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Old 07-06-2007, 12:49 PM   #132
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Ken is right - there is a second designation that you apply for once you have your NP papers - you can if you choose to register as a Charity - but I do not know if back then they would have qualified. And would not today either.

However do not mistake - a surplus or "reserve" funds as being "profit" as it is NOT.

Some may think of lowering fees when they heard the 1.something in the bank - that is the biggest mistake any club can do.

They should however use more of our funds to meet more of the members needs.
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Old 07-06-2007, 01:07 PM   #133
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OK, help me out here, since our wedding was an official WBCCI Rally, our wedding expenses are also tax deductable? This is getting better and better after each post!
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Old 07-06-2007, 01:15 PM   #134
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Quote:
Originally Posted by rickandsandi
OK, help me out here, since our wedding was an official WBCCI Rally, our wedding expenses are also tax deductable? This is getting better and better after each post!
Nice try!!!

Being an official event just means that it is sanctioned - and not an official Board Function.

Besides it is the organization that benefits from the deductables in their expense to facilitate activities - not the members already benefiting from the activities.

Gotta luv you people always looking for a buck! Guess you are getting ready for the long marriage of "Honey I want..... and Honey can have.....Rick there is no easy way you just have to work for the rest of your life now to pay for your wife!!!

oooopss forgot to add - Just ask Peter

Additional note - Sandi - get this fella of yours trained right early
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Old 07-06-2007, 01:16 PM   #135
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Old 07-06-2007, 01:25 PM   #136
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Quote:
Originally Posted by rickandsandi
OK, help me out here, since our wedding was an official WBCCI Rally, our wedding expenses are also tax deductable? This is getting better and better after each post!
Nice try

I thought the Bride's family always paid for the wedding...
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Old 07-06-2007, 05:16 PM   #137
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None of that matters to Don, he makes the laws as goes along to suit his own needs.

Do you really think if those recordings are republished after 30 days they would even know it!

Download them now, Freedom of Speech is still alive reguardless of DON"S laws.

Let's just hope the new leaders can see the forest.
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Old 07-06-2007, 06:11 PM   #138
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Quote:
Originally Posted by rickandsandi
OK, help me out here, since our wedding was an official WBCCI Rally, our wedding expenses are also tax deductable? This is getting better and better after each post!
Rick,

I think any expenses incurred after the wedding ...house...cars...new Airstream...should be covered since your union was performed at the rally...

just a thought!

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Old 07-06-2007, 06:57 PM   #139
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Richard

The IRS would not publish social clubs - they only list charitable organizations (under 501(c)(3) - for those of you keeping track - and if we are getting really technical, I realize I misspoke above - the WBCCI is a 501(c)(7) - don't know what I was thinking.....)

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