Gentoo Archives: gentoo-nfp

From: Alistair Bush <ali_bush@g.o>
To: gentoo-nfp@l.g.o, Matthew Summers <quantumsummers@g.o>
Subject: Re: [gentoo-nfp] Tax return and accounting discrepancies
Date: Fri, 25 Mar 2011 07:36:51
Message-Id: 201103252036.09745.ali_bush@gentoo.org
In Reply to: Re: [gentoo-nfp] Tax return and accounting discrepancies by Matthew Summers
1 <!-- snip -->
2
3 Mathew, I would like to thank you for the work you are doing.
4
5 I know absolutely nothing of how the IRS operates so hopefully these questions
6 are appropriate.
7
8 When you state that there will not be "serious consequences", is this
9 personal opinion or based on law/irs policy. I would assume that IRS would
10 have the power to confiscate all assets of gentoo and "close us down" in the
11 worse case. Would you be able to give an indication of what "serious
12 consequences" might entail. I'm assuming it will be a financial penalty that
13 we are currently able to afford. Your personal opinion on this is sufficient but
14 if you can give a range (ie < 5000) it would be apprieciated.
15
16 Also, is there any visibility on the steps that need to be completed and
17 estimated timelines for when each step may be completed. I realise that
18 timelines could be very difficult to give and even harder to meet but it seems
19 very important that we do. Would it be possible to allocate funding to speed
20 this process along. where is the bottleneck? is it us? the US mail service?
21 IRS/Goverment Bureaucracy?
22
23 Thanks
24
25 Alistair.

Replies

Subject Author
Re: [gentoo-nfp] Tax return and accounting discrepancies Matthew Summers <quantumsummers@g.o>
Re: [gentoo-nfp] Tax return and accounting discrepancies "William L. Thomson Jr." <wlt@××××××××××××××××.com>