Coaches Do I have to have a Booster Club?

[cbifoja]

If you want to know what the article says, why not just read it? I would never presume to try to educate a coach with your credentials.

 

[Deleted member 14190]

If you want to know what the article says, why not just read it? I would never presume to try to educate a coach with your credentials.

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Not sure why you are being so rude, as you don't even know me or what my credentials may be. I did read it and you only posted half of it and left out a very important part. That being said, I am not in anyway means knowledgable when it comes to tax codes, but only go off of what my Pso prez says. If I / we are wrong then so be it, but the paragraph that you partially posted is here and you left out a very important part,
"Example 1, The owners of X gym sit on the board of directors, because they maintain position of control in the booster club, they are also considered "insiders" for purposes of the inurement proscription. Club A has purchased equipment installed at the X gym that is used by the owner in their commercial business. This transfer of the organizations financial resource to the owners of the x gym is in violation of... " blah blah blah..
Again, not saying that you are incorrect, just saying its very subjective particularly to someone like me who knows nothing about the code.

 

[Deleted member D3987]

they can't take the equipment once it's been donated. the money? you'll need to get an Attorney. the money DOES NOT belong to them.