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Hmmm. But who can audit the reporting? Evidently, this looks like something they can manipulate. Is the bottom line roughly: Money received: 1000 Money used
by ivape 9mo ago
Hmmm. But who can audit the reporting? Evidently, this looks like something they can manipulate.
Is the bottom line roughly:
Money received: 1000
Money used for good: 800
Labor: 200
Is that it?
Because I can assure you, that will not turn out well.
- sgerenser 9mo agoThe IRS can audit the reporting, and if you lie on egregiously you can even go to jail. Granted that is very rare, and we currently have an anti-IRS administration, but that’s the basic enforcement mechanism.
- Avicebron 9mo agoOk, so what your describing is a pinky promise. I'm guessing enforcement requires people which is magically _too expensive_ and therefore worthless.
- input_sh 9mo ago> But who can audit the reporting? The same people that audit your taxes, roughly with the same consequences for lying. Except the IRS is far more likely to send unannounced auditors to NGOs than they are to send them to for-profit companies or individuals. It's more of a hassle to get/retain tax-free status than it is to simply pay your taxes like everyone else (as it should be). > Is that it? Let me guess: you haven't clicked on "view filing", which leads to a roughly 20-pages-long document.
- ivape 9mo agoCaught me :)