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Old Fri Jun 09, 2006, 01:41pm
Jimgolf Jimgolf is offline
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Join Date: Jan 2003
Posts: 944
Quote:
Originally Posted by Kelvin green
The organization has to be approved by the IRS not be non profit. Unicorporated associations/clubs have a threshold before income is taxable.
This is not quite true. 503C non-profit corporations just have different income reporting requirements than non-503C non-profits. Only 503C non-profits have to be approved by the IRS.

Speak to a lawyer. There are liablility concerns for any association.
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