Michigander wrote:MOC is a MICHIGAN non-profit. It does not have federal non-profit status YET! We are looking into it, but the fee to apply is $300, so until we get some more capital that will have to wait.http://www.nolo.com/article.cfm/obje...3/111/262/ART/
I was reading the above link, and I was thinking, once official MOC memberships are available, we could probably write off all kinds of expenses under the proper circumstances. Gas, MOC shirts or other apparel intended to identify us to the public at events, table rental fees at gun shows or other events, and maybe even bigger expenses like retention holsters, handguns, and magazines.
Not being quite sure where MOC is right now with getting membership status's going, and not knowing much about tax deductionsI thought I'd ask about this. Is there anyone here who is real smart with tax rules, as well as how MOC's non profit staus will qualify for deductions?
I will say that a board meeting was held Sunday and our goal is to have a website up at least for memberships and merchandise by Memorial day. The by-laws are 99% finished with just a few touch-ups and a final review.
MOC'ssite will be a work in progress. The site is basic and I hope user friendly. It will have links to all kinds of information with Board officers and director's email contact info. It will have a link to this forum, but at this time it will not have an independent forum. One is More than enough.
Once we get federal non-profit status we can get a Michigan gaming license and have raffles, etc. for fund raising. AND then volunteers can take the IRS tax deductions. GOOD find Michigander, thanks.