[Imc-finance] potential webhost curious about tax writeoff (fwd)

[Sascha Meinrath]

On Tue, 18 Nov 2003, Brian Szymanski wrote:

>
> >> i don't see much of a problem with writing off the fair market value
> for IMC websites that are sponsored by the UCIMC, but we'd have to
> limit it to Global Network sites and local IMCs that are sponsored
> directly by the UCIMC.  it gets much more complicated to write off the
> hosting costs of websites that are not directly fiscally sponsored.
> but it's an interesting issue.
>
> Well, the question that raises for me is:
> If I host sites on this machine that aren't global or otherwise directly
> sponsored by UCIMC, does that mean we can't do the writeoff for the sites
> that *are* ?

You can only write off donations that go to projects that are themselves
tax-deductible -- but you should be able to write off the fair market
value of hosting costs for these organizations.

--Sascha

> Thanks for your thoughts, peeps...
>
> Peace,
> Brian Szymanski
> ski at indymedia.org
> bks10 at cornell.edu
>
> PS - Sorry about the duplicates of my previous email. Major email client
> weirdness on my end, should be fixed now...