[TriLUG] Upcoming vote on TriLUG non-profit status

[Justis Peters]

On 02/05/2011 01:38 PM, Brian McCullough wrote:
> On Sat, 5 Feb 2011, Justis Peters wrote:
>> I am not sure what it would take in order to have the expenses of the
>> LUG be deductible from treasurer's taxable income, but any income that
>> remains could be taxable at the standard rate.
> But in order for the treasurer to deduct expenses, that requires, almost without fail, that the treasurer be running a business, recognized by the IRS, where TriLUG's expenses could conceiveably be shown as legitimate for his business.
AFAIK, the only tax return due to the IRS as a "sole proprietorship" is 
a Schedule C, attached to the 1040 that you already file for individual 
taxes. They do not require you to incorporate and you can file either 
under your SSN or a dedicated EIN. You can get an EIN by submitting form 
SS-4.

Kind regards,
Justis