I sent a little yesterday by Paypal. Bill
Sam and Adele
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Just a thought about this donation, that any overage (if you wanna call it that) will probably offset whatever taxes Sam will be liable for considering the income. Isn't this a reportable income?Comment
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Based upon my memory, which is ever failing, gifts under $10k do not have to be reported to the IRS.Comment
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BT3Central,
Wow. How inadequate the words "thank you" seems right now.
In order to truly express my feelings and gratitude, I would have to violate one of the foundational rules I established for BT3Central, to avoid topics on religion. However, for me to not adequately express those feelings to each of you would be inexcusable. So, if you are so inclined, I humbly invite one and all to read An Open Letter to My BT3Central Family.
I will try to make a daily reply to this thread and make status reports on the donation total and will also report the end results. I had the facts wrong about the Volvo wagon that I originally mentioned to the individuals who launched this "campaign" so I will be shopping for another vehicle. Rest assured that a gloat post will be made when the new BT3Mobile is purchased!
Current amount: $1090 via PayPal + an undetermined amount in mailed checksLast edited by Sam Conder; 10-21-2007, 12:50 PM.Sam Conder
BT3Central's First Member
"I have not failed. I've just found 10,000 ways that won't work." -Thomas A. EdisonComment
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This was a question of mine. I will be sure to check with an accountant regarding the tax liability and plan accordingly. BT3Central is not a corporation and therefore does not have a tax ID number. My SSN is the tax ID so I report all of the BT3Central Fund Drive as income on my taxes every year and then claim the server bills and DSL bills as expenses. I doubt I could justify a "company car" for BT3Central.Sam Conder
BT3Central's First Member
"I have not failed. I've just found 10,000 ways that won't work." -Thomas A. EdisonComment
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I figure I could have donated at least twice as much if it weren't for the post on "bargin alerts"
DonHoDonComment
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my little part is on its way thru pp.
man, i tried typing a message a couple of times in paypal and the operation kept timing out and i kept loosing my message! 2nd time using pp in a while
good luck sam and adele.
best wishes,_________________________
omarComment
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Only if someone claims it as a donation on their taxes which probably is not allowed anyway. And the $10K and less rule applies. What Uncle don't know won't hurt him.RAGS
Raggy and Me in San Felipe
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