ZS is a 501(c)3!

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Re: ZS is a 501(c)3!

Post by noncyr » Sat Dec 08, 2012 1:29 am

jnathan wrote:This is fantastic news, it's been a long time coming. Everyone should buy Cyr a drink.

I haven't checked into this, but I'm fairly certain that mailing a bottle of 30 year single malt Islay whiskey to HQ as a donation, is now tax deductible.

*I haven't checked into it
**at all
***might be illegal
****but I doubt it
******go ahead
*******send it
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Re: ZS is a 501(c)3!

Post by goofygurl » Sat Dec 08, 2012 3:01 am

noncyr wrote:
zombieapocalypsegame wrote: I am adding Zombie Squad to the list of new organizations. Whisk.e.rebellion - please send me the EIN / Registered Charity # for Zombie Squad via PM. I need that piece of info - it's critical on the application process. I'm the finance officer for ZSC XXX in Central Texas - but I still don't have my officer forum access, so I didn't get the news there yet.

ZAG
Not to derail...I don't have my list in front of me, so I can't tell. Are you one of the signing officers for the chapter? Have you guys sent a request to have you added to the Chapter Officer's forum? We should be able to get that fixed for you. Send an email to chapters@zombiehunters.org if you haven't.

Thanks.

We'll post a copy of our exempt letter early next week that we'll be able to give people access to as they need it.

I just sent the request in for him to be added. Should arrive as soon as my email stops having seizures.

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Re: ZS is a 501(c)3!

Post by whisk.e.rebellion » Sat Dec 08, 2012 2:23 pm

noncyr wrote:
jnathan wrote:This is fantastic news, it's been a long time coming. Everyone should buy Cyr a drink.

I haven't checked into this, but I'm fairly certain that mailing a bottle of 30 year single malt Islay whiskey to HQ as a donation, is now tax deductible.

*I haven't checked into it
**at all
***might be illegal
****but I doubt it
******go ahead
*******send it
Don't forget a bottle for HQ West :P
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Re: ZS is a 501(c)3!

Post by crypto » Sat Dec 08, 2012 2:31 pm

Hey if I incurred a large amount of damage to, say, a vehicle, while engaging in Official ZS Business, can I deduct the cost of the repair parts?
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Re: ZS is a 501(c)3!

Post by airballrad » Sat Dec 08, 2012 3:36 pm

crypto wrote:Hey if I incurred a large amount of damage to, say, a vehicle, while engaging in Official ZS Business, can I deduct the cost of the repair parts?
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Re: ZS is a 501(c)3!

Post by crypto » Sat Dec 08, 2012 3:51 pm

That GIF rocks, I'm still laughing.

When you reduce it to two frames it looks like a cute little curtsey.
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Re: ZS is a 501(c)3!

Post by Ryder358 » Sat Dec 08, 2012 5:14 pm

crypto wrote:Hey if I incurred a large amount of damage to, say, a vehicle, while engaging in Official ZS Business, can I deduct the cost of the repair parts?
I'm actually interested in the answer to this, not even joking :awesome: Also, is there any right and legal way to offer a Tax write-off for work done to a privately owned vehicle to make it into a "mascot" vehicle for use in promoting ZS and using it for different charity purposes or educational seminars? For example, Body Shop X paints the vehicle to match ZS color scheme and applies ZS Logos (after permission from HQ of course) to said vehicle and in exchange of money they get a receipt for the charitable donation of service so the vehicle can spread the word of ZS and enable us to reach more people to further our mission statement. Yay or Nay?
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Re: ZS is a 501(c)3!

Post by whisk.e.rebellion » Sat Dec 08, 2012 11:12 pm

airballrad wrote:
crypto wrote:Hey if I incurred a large amount of damage to, say, a vehicle, while engaging in Official ZS Business, can I deduct the cost of the repair parts?
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Re: ZS is a 501(c)3!

Post by swordofthebreeze » Sun Dec 09, 2012 12:44 am

This is relevant to my interests :twisted:
Ryder358 wrote:
crypto wrote:Hey if I incurred a large amount of damage to, say, a vehicle, while engaging in Official ZS Business, can I deduct the cost of the repair parts?
I'm actually interested in the answer to this, not even joking :awesome: Also, is there any right and legal way to offer a Tax write-off for work done to a privately owned vehicle to make it into a "mascot" vehicle for use in promoting ZS and using it for different charity purposes or educational seminars? For example, Body Shop X paints the vehicle to match ZS color scheme and applies ZS Logos (after permission from HQ of course) to said vehicle and in exchange of money they get a receipt for the charitable donation of service so the vehicle can spread the word of ZS and enable us to reach more people to further our mission statement. Yay or Nay?
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Re: ZS is a 501(c)3!

Post by noncyr » Sun Dec 09, 2012 1:57 am

Zombie Squad International, Inc. does not give tax advice and suggests you always consult with your tax professional before deducting expenses on your tax return.
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Re: ZS is a 501(c)3!

Post by noncyr » Sun Dec 09, 2012 2:14 am

Ryder358 wrote:
crypto wrote:Hey if I incurred a large amount of damage to, say, a vehicle, while engaging in Official ZS Business, can I deduct the cost of the repair parts?
I'm actually interested in the answer to this, not even joking :awesome: Also, is there any right and legal way to offer a Tax write-off for work done to a privately owned vehicle to make it into a "mascot" vehicle for use in promoting ZS and using it for different charity purposes or educational seminars? For example, Body Shop X paints the vehicle to match ZS color scheme and applies ZS Logos (after permission from HQ of course) to said vehicle and in exchange of money they get a receipt for the charitable donation of service so the vehicle can spread the word of ZS and enable us to reach more people to further our mission statement. Yay or Nay?
My personal, non-professional opinion here- ( consult your tax professional before deciding anything)...

Crypto - General maintenance on the vehicle isn't deductible. If the damage occurred specifically because of your ZS activity, and not just because the vehicle was in a state of disrepair, you might be able to make the case. I'm not sure how that would fair in an audit.

Ryder - The painting and vehicle modification doesn't mean the vehicle is limited to use in conjunction with your charitable activity (like, say, an ARC uniform would be). It may even increase the value of the vehicle thanks to the sheer awesomeness of the ZS logo. I would not try it on a return I was preparing.

In both of these cases, ZSI would not be issuing a receipt since we are not directly involved in the vehicle repairs or modification. The record keeping, valuation, and justification to the IRS would be your responsibilty. Consult with a tax professional before deducting anything.
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Re: ZS is a 501(c)3!

Post by crypto » Sun Dec 09, 2012 1:50 pm

noncyr wrote: Crypto - General maintenance on the vehicle isn't deductible. If the damage occurred specifically because of your ZS activity, and not just because the vehicle was in a state of disrepair, you might be able to make the case. I'm not sure how that would fair in an audit.

In both of these cases, ZSI would not be issuing a receipt since we are not directly involved in the vehicle repairs or modification. The record keeping, valuation, and justification to the IRS would be your responsibilty. Consult with a tax professional before deducting anything.

Well, shit, there goes my plan of renaming the parts truck I just bought the "Tax Dodge"
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Re: ZS is a 501(c)3!

Post by sheddi » Sun Dec 09, 2012 2:40 pm

freenarative wrote:WIN. Now I am planning my finances to make sure I can donate 3-4 times a year. Why now? well now that your government wont get a percentage of my money I am happy to help.
Someone correct me if I'm wrong, but this thread isn't about ZSI Inc. not paying corporate taxes, it's about US-taxpaying ZS donors being able to claim US tax relief on their donations.
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Re: ZS is a 501(c)3!

Post by Kutter_0311 » Mon Dec 10, 2012 1:54 am

Damn you all, I'm fighting the urge to sig almost half this bloody thread!

Awesome news, though! You should totally get onto the CFC list, too. Pretty sure I would have found ZS while on active duty.
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Re: ZS is a 501(c)3!

Post by URBAN ASSAULT » Mon Dec 10, 2012 5:05 am

Congrats ZS Overlords, you done good.

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Re: ZS is a 501(c)3!

Post by Ryder358 » Mon Dec 10, 2012 11:56 am

Understanding that ZS or the answers given here are not legal or financial advice and that professional counsel should be sought I have the following question:

I know that if someone gives us a object to use in a charity event as a raffle prize, silent auction lot, etc we can give them a receipt for the value of the object. I know if someone donates time to us to help it is not tax deductible. If a person/ group of entertainers wants to donate their time performing their act which has a normal value attached to it as it'd their business and in a way their "product" to help ZS with a charity event, can we write them a receipt for tax deduction?

For example ZS is holding a charity fundraiser and wants a band to perform to attract more potential donors. This band has a set price guide based on length of the performance. The entertainment act is a registered business and not just some Joe Blows. How does this scenario play out?

I get that if I gixe $X to us now I can claim it but as a chapter officer I want to know how our new status can help us put on bigger and better events to help raise more money for charitable causes and better promote ZS and our mission statement.
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Re: ZS is a 501(c)3!

Post by noncyr » Mon Dec 10, 2012 12:33 pm

The IRS is pretty straightforward here.

Time is never deductible. Even if you have a billable rate/service.
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Re: ZS is a 501(c)3!

Post by raptor » Mon Dec 10, 2012 2:01 pm

noncyr wrote:
In both of these cases, ZSI would not be issuing a receipt since we are not directly involved in the vehicle repairs or modification. The record keeping, valuation, and justification to the IRS would be your responsibilty. Consult with a tax professional before deducting anything.

BTW if you do not have a receipt and proof of payment for a donantion from ZSI...the expense does not meet the documentation requirement to deduct it. Check with your accountant for formal advice.

A link to the rules: http://www.aicpa.org/InterestAreas/Pers ... ritan.aspx" onclick="window.open(this.href);return false;

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Re: ZS is a 501(c)3!

Post by noncyr » Mon Dec 10, 2012 2:13 pm

Except in the case of office supplies and incidental expenses incurred while donating your time. Give your Office Max receipts to your tax preparer. Don't mail them to HQ. I have enough receipts!
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Re: ZS is a 501(c)3!

Post by ninja-elbow » Mon Dec 10, 2012 3:43 pm

Yay!

and

Time to have one of the lawyers I work with "donate" time to explain to us what this all means and what we can do with it :)
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Re: ZS is a 501(c)3!

Post by boneyardkeeper » Mon Dec 10, 2012 6:16 pm

Is Zombie Squad HQ making a format for their own tax deductible receipts that way when people donated money to us we can fill it out and give to them to write off their taxes?
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Re: ZS is a 501(c)3!

Post by noncyr » Mon Dec 10, 2012 6:19 pm

We are. I meant to have all of that posted over the weekend. I'm putting the finishing touches on it now.
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Re: ZS is a 501(c)3!

Post by boneyardkeeper » Tue Dec 11, 2012 6:11 pm

Ok thank you sir
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Re: ZS is a 501(c)3!

Post by cobra6987 » Thu Dec 13, 2012 1:40 pm

Are the new forms going to be under the chap/doc/forms or is a new place being set up?
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