[hackerspaces] Tax-exempt Geek Group hit with huge tax bill

[Niall Kearney]

If you have a look around the youtube channel you'll find a few other videos
about this. They even have one of a meeting on the 8th with the township -
http://www.youtube.com/watch?v=SQmRzOf69dQ



On 16 March 2010 20:15, David Powell <davepow16 at gmail.com> wrote:

> I'm only part way through the video but that's not what it sounds like to
> me. Sounds to me like they went to the county and got approval but may have
> never got it in writing. Either way it's a pretty screwed up situation.
>
> On Tue, Mar 16, 2010 at 3:53 PM, Christopher J. Pilkington <cjp at 0x1.net>wrote:
>
>> On Tue, Mar 16, 2010 at 06:37:24PM +0000, Loki wrote:
>> >    Non-profit hackerspace [3]The Geek Group has been hit with a hefty
>> tax
>> >    bill despite their tax-exempt status. We featured a [4]boom camera
>> [snip]
>> >    for non-profit land holdings before). Thatās why it comes as quite a
>> >    surprise when the township slaps a sticker on the doors giving notice
>> >    of seizure and demanding payment for $47,652.78 in back taxes or the
>> >    assets will be auctioned off. The entire story, from The Geek Groupās
>>
>> Sounds like they just assumed that property taxes don't apply to
>> 501(c)3 organizations.
>>
>> Many states only exempt organizations from property taxes if
>> they are public charities in the strictest sense (with a nice
>> big exemption for houses of worship, who don't seem to have to
>> divulge their finances.)
>>
>> Regardless, one needs to apply for exemption from property tax,
>> his claim that "we're tax-exempt, we don't know a lot about
>> filing taxes" is bogus.
>>
>> The neighboring state of Minnesota has been stripping property
>> tax exemption from child day care centers that are 501(c)3, so I
>> don't find this so far fetched.
>>
>>
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>
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