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To: Helix
6. How is FR's revenue reported for state and federal tax purposes?

By that, I was seeking to determine how and whether the donation revenues were being taxed, since FR is not tax exempt. I have read (possibly uninformed) statements in the past that the donors considered their donations "gifts" which are not taxed to the recipient (FR) under the Gift Tax laws. That claim wouldn't fly with the IRS, so I was seeking clarification from Jim. He said he paid most of the tax on FR's revenue as the majority "member" of the LLC.

2,383 posted on 11/30/2001 9:51:39 AM PST by Z2
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To: Z2; Mojo; lindam; aligyrl-02
While I believe some of your questions to be legitimate (I've asked them myself) and I appreciate JimRob answering them in a forthright manner, when is Mojo coming over to prove his assertions that JR is a liar, a thief, a fraud, a scam artist, a perjurer, etc.? When?
2,395 posted on 11/30/2001 11:26:56 AM PST by A Navy Vet
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