Editing 2009-07-11 Meeting Notes (section)

===Taxes===
* If you GROSS less than $20,000, you don't need to file a tax return, however, you do need to file a "postcard" just to check in. 
* Writing off dues and donations is between the member/donor and their accountant.
* Do not put a value on any donated things. Let the donor establish the value and work with their own accountant to get a write off.
* If anyone received more than $700, you need to provide that person with a 1099-MISC so they can report the income on their taxes
* Reimbursements require receipts. The receipts must show the items purchased, not just the totals. You don't need to provide 1099-MISC's for straight reimbursements, even if they exceed $700.
* We can realize some profit from classes or workshops. It's good to give people something to take home, even if it's just printed instructions, so it can be said for tax reasons that they are receiving something tangible.