Gentlemen, I received this note from the local Community Foundation organization in Kansas City. FYI - there may be some of these in your areas as well. Don ...
What a great topic to be covered in detail at COTS. That way it is specific for our organization. Larry Warrick Pride of Iowa Treasurer 2603 Lynner Dr Des...
We had one man in our chorus who brought his own stool for performances, so this question never came up with us. However, if it had, I think I would handle it...
jnutry@...
Aug 7, 2006 1:02 am
419
It all depends on the chapter policy. I have sold riser stools to chapters, which remain property of the chapter. Other chapters require members to buy their...
Hello, This email message is a notification to let you know that a file has been uploaded to the Files area of the bbshop_treasurers group. File :...
bbshop_treasurers@yah...
Aug 7, 2006 7:32 am
421
In my non-barbershop life, I am the CFO of the Baltimore County Public Library. We recently had the pleasure of two IRS examinations, less than 9 months apart,...
Is there a standard form/template I can get/download for purposes of issuing documentation to people who donate money to the chapter (for tax purpose)? ...
simonight@...
Sep 7, 2006 4:22 am
424
Does anyone have a template, using the Society's GL account numbers, for Peachtree Accounting Software? We have had a legal copy donated and wish to get out of...
On Thu, 7 Sep 2006, simonight@... writes: Is there a standard form/template I can get/download for purposes of issuing documentation to people who donate...
... It should be made very clear to people who donate money to your chapter or quartet that it MUST be a straight donation with nothing received in return...
Reminder: Donations to a quartet are not tax deductible. They are taxable income to the quartet. A quartet is not a not-for-profit organization. Only...
If someone receives something of value for their donation, the donation is deductible to the extent it exceeds the value of the item. For example, a patron...
MICHAEL KRAMB
foodservice.support@...
Sep 9, 2006 11:36 am
429
In a previous life I was the financial secretary for a church, and one thing I learned is that you should include a statement in the letter to the donor...
I was probably in error when I included quartets in my previous post about deductable donations. However, not all quartets are "Sing for Profit" entities....
Yes, my reply may not have been clear either. If the quartet never takes possession of the money, i.e. it’s “Our quartet will sing for you if you’ll make...
... I'm sorry Brooks, I can't agree with that statement either. If the donor receives ANYTHING of value, in return for the donation, i.e: the pleasure of a...
Bbshop TreasurersLooks like there's a confusion here between a charitable deduction for the person hiring the quartet versus reportable income by the quartet...
Bbshop TreasurersI should amend the second paragraph of my post: The person hiring the quartet cannot get a deduction for the amount paid unless he's...
A question has arisen about the correct mileage reimbursement rate for a chorus director who is a contractor, not an employee, of a chapter. The director wants...
Charles, I believe that we can pay them anything reasonable amount. The Lansdale chapter uses the same rate that M-AD pays which is $0.20 per mile. The ...
Ken Gingrich
ken.gingrich@...
Sep 20, 2006 12:28 pm
437
The standard rate is the easy way out for most of us. If the director wants reimbursement at a different rate, then he needs to demonstrate ( and the chorus...
Bbshop TreasurersSince the director is a contractor, he'll disclose his gross earnings including his mileage reimbursement on Schedule C to Form 1040. Then...
It is our chapter's policy to pay ALL our director's expenses to shows and contests. This includes travel, meals, lodging, and contest registration. All this...
Charles, There seems to be confusion about the allowable reimbursement rate vs. the allowable itemized deduction rate. This has nothing to do with whether the ...
We use .445 per mile ... From: ChorusTreasurers@yahoogroups.com [mailto:ChorusTreasurers@yahoogroups.com] On Behalf Of Charles D. Denzler Sent: Tuesday,...
Christine Abbey
leadsings.2@...
Sep 23, 2006 7:54 pm
442
Ken, you wrote: "If we pay them more than the charitable rate, the difference between the charitable rate and what they receive should be reported as income." ...
When I became Treasurer (10 years ago) my predecessor gave me two boxes of stuff that all previous Treasurers had collected going back to the formation of the...
