[MR] scrolls as tax deductions

[Leonie deCalouin]

Well, as a tax bookkeeper I can tell you that if someone wanted to claim 
the deduction for time and materials on their scrolls they should plan 
to claim them in the "goods" section of the Schedule A - the part that 
doesn't require a receipt (under $500 per year).  The Baron, Baroness, 
MOAS or Herald who keeps up with such things is who would be responsible 
for providing receipts, and I think all of those worthy individuals have 
plenty to do!  The person who receives the scroll as part of their award 
would have no receipting responsibility, since one doesn't give a 
receipt for a gift.

YIS

Leonie deCalouin


Sarah Robinson wrote:
> Granted, tax law and accounting isn't exactly my thing, but I believe
> scrolls should be considered gifts to individuals, and not gifts to
> the SCA. I'd rather not think of the headache involved for exchequers
> and others if scrolls were to be considered at any point property of
> any branch of the SCA.
>
> Rohesia
>
> On Wed, Jan 20, 2010 at 6:54 PM, Becky McEllistrem <bmcellis at yahoo.com> wrote:
>   
>> Someone on Facebook made an interesting point that scrolls are gifts to a 501C3 and are therefore tax deductions.  How do I track that?  Do I ask for notes from the recipient?
>>
>> Rebecca
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