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Originally Posted by nolan
The list of Board candidates who have served as TDs at
national events in the year preceding their election is fairly long,
and the policy of not considering them employees is long-standing even
if it wasn't in the Bylaws until 2006.
Sam, what taxes is it you think someone could avoid by having a
corporation be not-for-profit and board members be employees of that
not-for-profit corporation?
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In the case of the USCF, since the USCF loses money every year, it
would make no difference.
However, back when Al Lawrence was Executive Director and the USCF was
hugely profitable, I understand that there was at least one IRS
investigation of the USCF.
Let us hope that someday the USCF starts making money again and the
IRS has reason to come back.
I realize that this is the opposite of the question you are actually
asking.
Sam Sloan