Occupy Boston: Tax status of donations in question

[formerlurker]

Tax status of donations in question

By O’Ryan Johnson
Saturday, October 15, 2011 - Updated 8 hours ago
  
As it raises more than $1,000 a day online, and piles of cash at its Dewey Square campsite, Occupy Boston is in danger of running afoul of federal tax rules, the IRS said.

The group, which has raised nearly $17,000 in donations through its Web site, must alert donors that their gifts are not tax deductible, said Internal Revenue Service spokeswoman Peggy Riley.

“If they haven’t applied (to be a nonprofit) or if they have applied and have not received it yet, they need to tell donors that their donation is not tax deductible,” she said. “You need to tell the individual giving money whether or not you are a 501(c)3 organization.”


There is no such notification on Occupy Boston’s Web site, where there is a link to a WePay account that people can use to donate money. As of late yesterday, 299 people had donated a total of $16,979 to the cause.

http://www.bostonherald.com/news/regional/view/2011_1015tax_status_of_donations_in_question/srvc=home&position=1


This is Massachusetts luvs, if it moves it is taxed.    It's not the pigs you should be fearing cause Galvin is coming for you.    You will understand the real meaning of the word "brutality" at that time.    

[zeitgeist]

Tax status of donations in question

By O’Ryan Johnson
Saturday, October 15, 2011 - Updated 8 hours ago
  
As it raises more than $1,000 a day online, and piles of cash at its Dewey Square campsite, Occupy Boston is in danger of running afoul of federal tax rules, the IRS said.

The group, which has raised nearly $17,000 in donations through its Web site, must alert donors that their gifts are not tax deductible, said Internal Revenue Service spokeswoman Peggy Riley.

“If they haven’t applied (to be a nonprofit) or if they have applied and have not received it yet, they need to tell donors that their donation is not tax deductible,” she said. “You need to tell the individual giving money whether or not you are a 501(c)3 organization.”


There is no such notification on Occupy Boston’s Web site, where there is a link to a WePay account that people can use to donate money. As of late yesterday, 299 people had donated a total of $16,979 to the cause.

http://www.bostonherald.com/news/regional/view/2011_1015tax_status_of_donations_in_question/srvc=home&position=1


This is Massachusetts luvs, if it moves it is taxed.    It's not the pigs you should be fearing cause Galvin is coming for you.    You will understand the real meaning of the word "brutality" at that time.   

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