[Chicago] Open Source Time Donation?

[Brian Ray]

On Sep 6, 2007, at 2:20 PM, Adam Jenkins wrote:

> On 9/6/07, Kenneth P. Stox <ken at stox.org> wrote:
> On Thu, 2007-09-06 at 13:28 -0500, Adam Jenkins wrote:
>
> > From what I remember from 4H in my youth, setting up a non-profit is
> > simple and doesn't take a lawyer at all.
>
> Setting up a non-profit that the IRS will allow tax deductible  
> donations
> to and all the required book keeping and paperwork is a nightmare.-Ken
>
> Something must have changed since 2000.


One thing I  think has changed is now a regular corp, S corp, ... can  
file a Form 6765 (http://www.irs.gov/pub/irs-pdf/f6765.pdf) if you  
want some Credit for Increasing Research Activities.

More info here <http://www.irs.gov/pub/irs-isp/all-wage.pdf>.

Brian Ray
bray at sent.com
http://kazavoo.com/blog