If I organize a Neighborhood Pet Rodent Olympics, can I take a tax deduction as a non-profit agency?

I am also going to outline a plan for Ultimate Hamster Fighting (UHF) with no rules combat in a death cage... I am going bill that one as a Police charity event. Do I need special construction permits for the cage/arena?

Well, you can always go underground and build without permits and such. The only problem then is rats. A rat might snitch on you. Good luck.

I love the idea. You do need a special permit and it is tax deductable. Can I fight my hampster.. Oh dang.. I used your idea from my last question and hung it on my tree. Oh well, I'll get a new one.

Ivana will be coach for lady hamster shot put and discus team. She show you how to throw you load long way. Winky winky Sergeyovitch.

I don't know about the tax status of such an organization, or the need for permits, but if you do get it up and running, might I suggest that the Yamster be one of the first combatants?

You have the right to remain silent. Anything you say can and will be used against you in a court of law. You have the right to be speak to an attorney, and to have an attorney present during any questioning. If you cannot afford a lawyer, one will be provided for you at Yahoo's expense.

Will I get to kick the yamster in the knackers, WOOF! CRUNCHZ!!

You could probably also get some funding as it is a "special" Olympic event.

Since I'm here, I want to point out it's Hampton, Hampshire, Hampstead, and hamper, but it's not hampster. Okay? Hamster. Not hampster. Sheesh.

It's easy! There are a few forms to fill out...

1. Take the issue to the interested parties. Make sure everyone understands the difference between non-profit and independent entity status. If appropriate, vote upon which status the group wishes to pursue, and brainstorm strategies for communicating the desire to become independent with all current cooperators.

2. Consult with a lawyer with experience working in the non-profit sector. These services may be available pro bono.

3. Preparation: Budget $500 for the application fee. Obtain Tax ID Number using form IRS Form SS4: Application for Employee Identification Number. Develop a budget for the next two years. Prepare bylaws and articles of incorporation. These may be modified versions of the bylaws and articles of incorporation other similar organizations have submitted to the IRS in their 501 (c)3 applications. Designate a committee of â€œincorporatorsâ€ who will have primary responsibility for developing by-laws and dealing with preparation of other documents for the IRS application. Parties and their incorporators will develop and approve the by-laws and the rules governing how candidates will run for and serve on the Executive Board. Incorporators will not automatically become Executive Board members of the non-profit, but must run for their positions just as required of all Executive Board candidates. File articles of incorporation with Probate Judge. When incorporation paperwork is received and bylaws are written, file for 501 (c)3 status with the IRS.

4. Compile documents for application to submit to IRS: Form 8718: User Fee for Exempt Organization Determination Letter Request (this form is basically a cover page for your application). Complete relevant parts 1-4 of form 1023, the Application for Recognition of Exemption. Depending upon the kind of exempt organization the organization chooses to be, you will be using different schedules on form 1023. Financial statements and budgets. Bylaws. Incorporation documents. Signatures. Check for $500.

5. Form 1023 requirements:

Part 1: Administrative information, address (cannot be a PO Box), attach incorporation document, bylaws and articles, signature by officer.

Part 2: Describe activities in detail. Must specify that your organization is not financially accountable to another organization or involved in politics or influencing legislation.

Part 3: Administrative information. Examine the application and fill out relevant â€œschedulesâ€ according to any special activities of your Council.

Part 4: Financial statements. May want to base this on a template developed by an accountant or one used by other similar organizations in their non-profit status applications.

That's about it. Did I mention the $500?

As long as you give 5dollars to a police station in your area that you can qualify for a tax deduction.We just did it for fighting ducks 3 days ago.They just fight with little boxing mitts and no ducks got hurt ' so yea go for it; and may the best hamster win..PS i;ll be fighting my hamster Elmore this time too; so watch out he; s a tough cookie; of sorts..

Only if you incorporate.

I get this tingling sensation in the pit of my stomach whenever i hear about wrestling and fighting!!!

You know I am an African heavy weight Wrestling Champion???

WTF!

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