Lanark Village Boat Ramp- Members Only

[Steve Stinson]

So how is charging for boat ramp use "unrelated income" for a boat club?

[rockyg]

I could send you some links to read up on the taxation and operation of a not for profit organization....but I think we should just go fishing instead.

[MudDucker]

Couldn't they do the same thing by considering ramp fees "donations" and changing the notation on their money box to "$10 Donation for use of ramp"?

Nope, old tax law rule of substance over form. If you must "donate" to use, then it ain't a donation for tax purposes.

[Salty Gator]

Go to carrabelle public landing it's free. I read the post and in my two cents is the store there should pay the fees. They make a ton of money off of the fisherman that go in their.

[MudDucker]

I could send you some links to read up on the taxation and operation of a not for profit organization....but I think we should just go fishing instead.

Exactamundo. Were I to post the regulations, someone would read them, then oversleep and miss fishing.

All I am going to say is that I hold an LLM in Tax from UF law school and I agree with this decision. I've already nodded off on said regs!