ascan wrote:
alex wrote:
Getting a server is last on the list actually. We really need more storage. I'm thinking about getting a data storage solution, possibly from LaCie. Right now, I think thats the most important thing to do.
I was thinking, and perhaps you've already considered this, but it's worth mentioning: would the US tax authorities look on this undertaking as a business, even if you don't make a profit?
As far as I know the tax liabiliy is always passed off on the donee (being its a gain on their part). Maybe other countries may do it another way but the most I could imagine them doing is giving the donor a before-tax deduction. I think really all this situation means is that Alex may wanna hold on to a fraction of the donations just in case he ends up owing big on his 2005 taxes.
As far as being legally defined as a business though, not even close.
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“Love takes off the masks that we fear we cannot live without and know we cannot live within. I use the word "love" here not merely in the personal sense but as a state of being, or a state of grace - not in the infantile American sense of being made happy but in the tough and universal sense of quest and daring and growth.” - James Baldwin