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
In Reply to: Re: [gentoo-nfp] Tax return and accounting discrepancies by Matthew Summers
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Mathew,  I would like to thank you for the work you are doing.

I know absolutely nothing of how the IRS operates so hopefully these questions 
are appropriate.

When you state that there will not be "serious consequences",  is this 
personal opinion or based on law/irs policy.   I would assume that IRS would 
have the power to confiscate all assets of gentoo and "close us down" in the 
worse case.  Would you be able to give an indication of what "serious 
consequences" might entail.  I'm assuming it will be a financial penalty that 
we are currently able to afford.  Your personal opinion on this is sufficient but 
if you can give a range (ie < 5000) it would be apprieciated.

Also, is there any visibility on the steps that need to be completed and 
estimated timelines for when each step may be completed.  I realise that 
timelines could be very difficult to give and even harder to meet but it seems 
very important that we do.  Would it be possible to allocate funding to speed 
this process along. where is the bottleneck? is it us?  the US mail service?  
IRS/Goverment Bureaucracy?




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>