23 May
2015
23 May
'15
10:33 a.m.
Clarification: I don't mean anything to do with sales taxes, which we pay on everything we sell. I mean, is this effectively a (cash) donation? Would it be evidence of public support for the IRS?
On May 23, 2015, at 10:17 AM, Martin, Eric Vance evmartin@indiana.edu wrote:
People give us bikes, and we sell them. This is our main income.
Should we be treating this/reporting this as related business income or as a donation (realized FMV of an in-kind donation)? What do you guys do?
We have a fiscal agent. Let's say the answer does not affect their public support test.
The ThinkTank mailing List <a href="http://lists.bikecollectives.org/options.cgi/thethinktank-bikecollectives.org">Unsubscribe from this list</a>