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After talking to the accountant, it is my understanding is MICE would not pay income taxes on the donation. On Thu, Dec 1, 2016 at 4:58 PM, Brady Kittel <[log in to unmask]> wrote: > 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 >> > > > ------------------------------ > > To unsubscribe from the MICE-DISCUSS list, click the following link: > http://lists.iphouse.net/cgi-bin/wa?SUBED1=MICE-DISCUSS&A=1 > -- Jay Hanke CTO Neutral Path Communications 3 Civic Center Plaza, Suite 204 Mankato, MN 56001 (507) 327-2398 mobile [log in to unmask] www.neutralpath.net