14 Aug
2021
14 Aug
'21
9:35 p.m.
Thanks for the honesty John, I look forward to seeing that.
Could the TAC explore the subnet classification list idea? I think it
would achieve the desired goals without nearly as much community turmoil
/ drama.
73
Bill Buhler - AF7SJ
On 8/13/2021 11:48 AM, John Gilmore wrote:
pete M via 44Net <44net(a)mailman.ampr.org>
wrote:
But what you may not know is that by selling some
space again ARDC
would loose it's 501c status and would have to pay a huge taxe amount
on the selling of the new block and the same on the first block as
this would be seen by the IRS as its core business and not seen as a
charity entity. This would totally defeat the goal of selling another
block.
Don't believe the above paragraph.
The actual situation between ARDC and the IRS rules is far more
complicated and interesting than what Pete describes. The loss of our
501c3 status is not at risk. We are still working out the details with
our nonprofit tax lawyers. We will publish our first 990-PF (private
foundation) tax return for 2020 on our website and to the 44net when we
file it, and then we can talk with more certainty.
John Gilmore, W0GNU
ARDC board