hossfly
You have made a few posts in other threads since I asked this question. Maybe you just never saw it. Please reply and establish the facts. If, on the other hand, you are not an expert and simply don't know, please so state.
ORIGINAL: model.flyer
You have led us to believe that you are an expert on what the IRS requires. Just EXACTLY what are the CURRENT requirements for the publication of Model Aviation Magazine in order that the AMA might keep its current IRS tax status? Please make this exact and not just your opinion, since you have on many occasions presented yourself as an expert. Direct quotes from the IRS code and the specific sections quoted would be nice.
ORIGINAL: Hossfly
Mode One:
I don't know what, the AMA, as a national organization (I would guess not for profit, but am unsure of this) must provide to its' membership.
Quarterly newsletter, DEFINITELY NOT a commercial magazine. IRC 501 (c) (3) Education. Commercial magazine comes under the definition of "Unrelated Business" which is a taxable income entity for the advertising profits. If AMA was subject to $1,000,000 per year taxes, then they would have $2,000,000 to keep in the jeans. [>:]
I certainly wish I was paying Uncle Sam a million yankee dollars each year. I'd have better jeans!
For AMA to lose some direct loss of 1.2 million on the magazine, plus another 4-500,000 for magazine staff not accounted to the magazine cost, can only evidence to me that there are ulterior plans in the works, thumbs are in the potential pie, and the guard (membership) is totally asleep at the wheel, also evidenced through their -- membership -- voting record and their uninformed complacency.