Right, because there should be more than those two options.Would you rather they go to Ares Studio or to the landfill (or to make a bonfire)??
Now that I write that out, the question seems harder than I first thought......
Right, because there should be more than those two options.Would you rather they go to Ares Studio or to the landfill (or to make a bonfire)??
Now that I write that out, the question seems harder than I first thought......
I was wondering the same thing. Hopefully it just came from Alec himself.Where did the money come from? I'm sensing a fundraiser.
It’s likely a donation hence the 501c3.
Which would be far more interesting to watch than everybody fawning over Garth as he struts around doing everything flawlessly. Or the scripted Garth shirtless scene...Give us the unstable Arthur Fleck of Starfleet Captains, who finaly snaps and ends up the guy we see in TOS.
Tax law is weird because I read a thing on the IRS site that if the application for 501c3 status is filed then those donations will be retroactively considered tax deductible.They should consult with a tax attorney before claiming it as a tax donation. Until the 501c3 is actually in place donations are not tax write offs. At least that’s my understanding.
Tax law is weird because I read a thing on the IRS site that if the application for 501c3 status is filed then those donations will be retroactively considered tax deductible.
But, I agree with you that a tax attorney should be consulted.
Someone would have to ask Aries/Axa-a-what for their EIN number, after that there are on-line data bases which will let you know the status.But what does “retroactively” mean? If I donate something in 2020 to an organization that has only filed the paperwork, does that mean in 2020 I can write it off on my taxes? Or does it mean when the 501c3 is approved in 2021, I can refile my 2020 taxes and get the rebate?
Because just filing doesn’t mean approved. What if an organization files but isn’t approved? I shouldn’t be able to get the tax benefit of a donation from it.
From the IRS site:But what does “retroactively” mean? If I donate something in 2020 to an organization that has only filed the paperwork, does that mean in 2020 I can write it off on my taxes? Or does it mean when the 501c3 is approved in 2021, I can refile my 2020 taxes and get the rebate?
Because just filing doesn’t mean approved. What if an organization files but isn’t approved? I shouldn’t be able to get the tax benefit of a donation from it.
Contributors to the organization do not have advance assurance of deductibility while the organization's application is pending. If the organization ultimately qualifies for exemption for the period in which the contribution is made, the contribution will be tax deductible by the donor. Alternatively, if the organization ultimately does not qualify for exemption, then the contribution will not be tax deductible.
To be exempt under section 501(c)(3), most organizations must file Form 1023 or Form 1023-EZ by the end of the 27th month after they were created. If an organization does so, and the application is approved, charitable contributions to it will be deductible back to the date of formation.
The effective date of tax-exempt status (and the deductibility of contributions) depends on whether the organization has:
- Timely filed Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, but has not yet received a letter recognizing its exempt status (explained above),
- Filed Form 1023 later than the prescribed time, or
- Not filed Form 1023 or 1023-EZ.
You missed the best part...........They are talking about buying some land and building their OWN clubhouse. It's gonna be Valencia all over again. #missioncreepFanFilmFactor has a piece on the sets going to Ares Studios:
https://fanfilmfactor.com/2020/01/03/really-huge-news-for-ares-studios-and-axanar/
A bootleg TOS Bridge Tour? Yikes.You missed the best part...........They are talking about buying some land and building their OWN clubhouse. It's gonna be Valencia all over again. #missioncreep
EDITED!You missed the best part...........They are talking about buying some land and building their OWN clubhouse. It's gonna be Valencia all over again. #missioncreep
Well, ‘cept like so many oft repeated quotes attributed to famous people, there seems to be no evidence Einstein even said that (link).
Fair enough, but that quote was more my reference, not who said it.Well, ‘cept like so many oft repeated quotes attributed to famous people, there seems to be no evidence Einstein even said that (link).
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