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As a 501c3 you can "book revenue", but

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integral Member Level  Thursday, 09/26/19 07:36:05 PM
Re: loanranger post# 45367
Post # of 45467 
As a 501c3 you can "book revenue", but your profit is to be limited to 10% or less in related biz income. And about $1,000 in unrelated biz income.

It has been a long time since I was in school that was taught this. But after the limitations, you get taxed.

So not booking revenue is BS. You have to file if over $5,000 in revenue.

Check my work, like I said it has been decades since I dealt with nons.

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