Thread: VPortal
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  #18  
Old 10-22-2001, 04:45 PM
caphq
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I don’t care what other donations they accept. I’m talking about monetary donations, and I clearly stating that. The acceptance of monetary donations requires taxation. The only way to avoid this is not only by registering as a non-profit corporation with the department of state, but also apply with the internal revenue service for tax-exempt status. Though my statement was speculative, I would be surprised if it was found to be untrue. Just the application and approval of tax exception usually takes 6 months to a year. It also costs several hundred to several thousand dollars in IRS and attorney fees to file the necessary documents. It would be an accurate statement to say it’s unlikely they went through this process so they could get donations for a bulletin board add-on program. They could sue me for my statements if they’d like, but I think a quick audit of their records would put the case to rest. Especially seeing as I stated my comments were mere opinions… and they continue to be. My initial post was not with the intent of causing trouble. If I wanted to do that, I would have proceeded to present my accusations to the proper authority. It just blows my mind that someone would charge for a beta program. You can call the “donation” whatever you want. The fact is, you give them money and you get a program. This fact cannot be disputed any other way.
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