What people may not realize is that we at Geocaching Maine are already registered with the IRS and have a tax number. This was done quite a while ago.
It was only and offer and that was all. If it is done right and records kept properly then there is nothing to worry about. The records could be kept open for all to see any time they want. I do it now with another organization I am a member of. It is a piece of cake if you keep up on the records. If we are only making $200 a year then that does not even have to be reported if that is all we are making, but we would still need to keep records.As far as you putting the money in an account and claiming it on your personal taxes is a minor concern compared to the animosity it could cause in the future if someone should question your integrity regarding GCM.org funds. While I have the utmost faith in you and your desire to make this a great site I think you are taking on great risk.




Reply With Quote