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Re: SPSC and IRS regulations #194677
05/01/06 03:35 PM
05/01/06 03:35 PM
Joined: Nov 2002
Posts: 3,035
Pedro1 Offline
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Pedro1  Offline
Now what will the excuse be -when the town says we do not want the classrooms-Do you give all the money back or just donate it to the IRS-I would love to see the Alliance Bank of Belize giving the IRS a report on an account with less than 20k belize dollars in it -saying we have been told by some gringo that you as a foreign entity control this money

Re: SPSC and IRS regulations #194678
05/01/06 03:51 PM
05/01/06 03:51 PM
Joined: Jan 2005
Posts: 4,294
Houston
travelqueen Offline
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travelqueen  Offline
The money will be used to support the children.

Bottom line. Period. The End.

Re: SPSC and IRS regulations #194679
05/01/06 04:07 PM
05/01/06 04:07 PM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
E
Ernie B Offline
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Ernie B  Offline
E
Pedro, you just keep getting dumber and dumber and dumber and ................ The IRS couldnt care less if Alliance has the money or the bank of mickey mouse. They will come to me and the SPSC for an accounting and I, as the registered agent, will have to answer to them.. So, in closing, I dont give a tinkers damn what you think.

THE END !


Gun Control is Hitting Your Target.
Re: SPSC and IRS regulations #194680
05/01/06 04:19 PM
05/01/06 04:19 PM
Joined: Nov 2002
Posts: 3,035
Pedro1 Offline
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Pedro1  Offline
How insulting and who is dumb -who set up a charity account -that raised around 35k and had to make it tax deductable for the donors-brilliant-also all monies raised down here(by non-americans) which stayed down here is subject to the IRS-why did you not put it in a different account??-I still do not get it!!!!!

Re: SPSC and IRS regulations #194681
05/01/06 04:35 PM
05/01/06 04:35 PM
Joined: Apr 2004
Posts: 57
M
myako Offline
 
myako  Offline
M
You may never get it P1. It doesn't matter which account any of the funds are in, anywhere on the planet earth, today or in perpetuity throughout the universe. Its never been one man's decision in the first place. The original board of directors (Gay, Becky, Ernie, Karin, I think) were asked by several members to consider and resolve to file the 501c3 application. They voted and it passed. No one ever complained until now when you suggested (I deleted "demanded") money for the fruit lady. The corporation is tightly organized and should be to maintain integrity as to where and when and whom the funds will benefit. Everyone who either donated or whatever knew the application was pending for some time now. Many of the same members who wanted the exempt status are still asking if it is granted because they want to deduct whatever pittance they can for their donations. Why don't you ask SAGA or the Lions to give you some money so you can give it to whomever you please? The SPSC can't do it, just like TQ and Ernie said, Period. Either you are acting dumb or you are really thick or really bored or have no dumbass touristas to hassel. Doesn't matter because the bylaws and the pending application under IRC 501c3 determine the use of the funds in very strict and precise terms. This has all been explained much better by others, so do a search if you need to.

Re: SPSC and IRS regulations #194682
05/01/06 05:04 PM
05/01/06 05:04 PM
Joined: Oct 2004
Posts: 3,888
reaper Offline
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reaper  Offline
Pedro didn't demand money for the fruit lady. I asked an innocent question on another thread regarding the SPSC.
Holy Crap I need a drink...I just defended Pedro1!!! laugh

Re: SPSC and IRS regulations #194683
05/01/06 05:06 PM
05/01/06 05:06 PM
Joined: Apr 2004
Posts: 57
M
myako Offline
 
myako  Offline
M
May have overstated it, but got the point driven. I'm feeling it too my brother. Bartender! Which reminds me of a joke. A termite walks into Pedro's bar and asks him, "where is the bar tender?"

Re: SPSC and IRS regulations #194684
05/01/06 05:18 PM
05/01/06 05:18 PM
Joined: Nov 2002
Posts: 3,035
Pedro1 Offline
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Pedro1  Offline
Right I am stupid-ok-I have been insulted-I contributed on a minimum of 4 different occassions to the SPRC-
I want to know do the SPRC trust the school and its board?-If the answer is Yes give them the money.
If the answer is NO as certain parties have inferred-what are you going to do with the money if the school do not want the SPRC telling them what to do??????????????

Re: SPSC and IRS regulations #194685
05/01/06 05:22 PM
05/01/06 05:22 PM
Joined: Sep 2002
Posts: 10,850
Beautiful San Marcos, Texas
E
Ernie B Offline
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Ernie B  Offline
E
laugh laugh laugh


Gun Control is Hitting Your Target.
Re: SPSC and IRS regulations #194686
05/01/06 05:47 PM
05/01/06 05:47 PM
Joined: Apr 2000
Posts: 4,268
Bellaire, Tx. and the World
Denny Shane Offline
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Denny Shane  Offline
hey! how abuot a skinny dipping party? who's in? eek

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