fka ftc said:

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I am not a Barnes sock, I was around when that stuff went down and found great entertainment.

Agree, people should always seek actual advice and not the anonymous web forum and run with it.

Agree with your take as well. It really should not be a significant time nor cost and as mentioned BSA probably does it for them. That's what's the strange part to me is.

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I'm guessing they're wanting to operate their own thing separate from BSA. I think there've been some groups in that world that are still trying to have that model but not specifically under the BSA umbrella.

That's 100% guesswork on my part but fits some of the aspects of some of those other groups.

Let me make this crystal clear. I never had an account with the name Barnes, period.

If you want to keep telling yourself a lie and lying to other Aggies, that's none of own business.

BlackGoldAg2011 said:

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txaggieacct85 said:

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Let me make this crystal clear. I never had an account with the name Barnes, period.

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and that is EXACTLY what MFBarnes would say....

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Ironically it's exactly what he's say….his whole persona was a lie built for attention. Photoshops, career histories, celebrity encounters, wealth, you name it, he lied about it.

So….

If you want to keep telling yourself a lie and lying to others Aggies, that's none of my business.


And the thing that's interesting if you're the one that highjacked this thread.

I alluded to going to jail for a reason. I think on its face, it's could get him in trouble with the IRS.

Even his staff accountant advised against it.

I appreciate his benevolence, but running a fire department has nothing to do with Boy Scouts.

I had a friend try to setup his sons little league baseball team as a 501c3. I understand the desire to not have to pay the feds a dime more than necessary

As much as I want to minimize taxes and not pay a penny more in taxes than I have to, I do think it's ideas like this that get people in trouble with the IRS.

And assuming you can twist around and find an angle that works, is it really worth the level of expenses we're talking about here?

I wear a Barnes accusation (happens in f16 from time to time) with a badge of honor. Folks let it get under their skin a bit too much and you guys are right, that actually makes me think someone may indeed be another incarnation.

For the OP, think you have the internet of advice of a) do your research into by exactly this BSA troop wants to operate this way; b) direct them to BSA for their own tax exempt status; c) if someone needs an unusual enough arrangement that you ask TexAgs for advice, then your gut reaction should always be "this is probably not the best idea".

Be safe with the VFD both personally and fiscally. Having to auction the fire truck off because you got bad advice on tax exempt status may endanger your standing in the community.

"c) if someone needs an unusual enough arrangement that you ask TexAgs for advice, then your gut reaction should always be "this is probably not the best idea""

exactly.

You should post this on tigerdroppings.com. They should be able to help you out.

BSA discusses this some in the below:

https://www.scouting.org/wp-content/uploads/2022/03/Fiscal_Policies_and_Procedures_for_BSA_Units_20220322.pdf

The chartering organization "owns" the scout unit, so it can share the tax exemption, but as mentioned previously, they must then follow the appropriate 501c3 rules. Our units are chartered by a church and utilize the tax exemption for purchasing some items for the unit itself, but the items are then owned by the church. Our funds are so miniscule compared to the church it usually isn't scrutinized very much in my few years of experience with it. The church has a representative (chartered org rep) that is on the bank accounts so gets statements of activity. We always tell anyone who wants to donate directly that they should donate to the church itself if they want a tax receipt, otherwise it is a non-deductible donation. Disclaimer: I'm just a relatively recent volunteer and not at all a tax expert.

dallasiteinsa02 said:

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You should post this on tigerdroppings.com. They should be able to help you out.

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I really should have started there in the first place.

What year did you drop out of high school?