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Thanks for the clarification Jay, so what I was getting at is MICE would owe taxes on the value of the donation if it were not classified as a non-profit when the donation was received. On Thu, Dec 1, 2016 at 4:52 PM, Jason Hanke <[log in to unmask]> wrote: > Also just a big thanks to USI (and Arista?) for the donation. This is not >> a small amount of hardware. I'm a bit behind the curve but I'm assuming the >> IX has cleared the hurdles for proper federal non-profit status now? I only >> ask as we sure don't want to have to pay taxes on the value of a 7504 with >> blades next April if we aren't yet and thus would need to stall on taking >> actual possession of the equipment until non-profit status is achieved. >> >> > Our request for 501c6 status has been filed. MICE is allowed to operate as > a 501c6 until the IRS tells us otherwise. Donations are not tax deductible > but port fees may be tax deductible as business expenses. > > Jay > > ------------------------------ > > To unsubscribe from the MICE-DISCUSS list, click the following link: > http://lists.iphouse.net/cgi-bin/wa?SUBED1=MICE-DISCUSS&A=1 >