Mozilla Foundation Now IRS 501(c)(3) Approved

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Mozilla Foundation Now IRS 501(c)(3) Approved

Posted by Hemos on Monday July 12, 2004 @02:34AM from the get-out-the-donations dept.

jesus_X writes "We at MozillaNews have discovered that the Mozilla Foundation is now officially 501(c)(3) approved by the IRS, meaning you can now deduct donations made directly to Mozilla.org from your income tax returns. This is separate from, and obviates the Open Source Applications Foundation donation method mentioned in August on MozillaZine."

13 of 116 comments (clear)

Not good by Anonymous Coward · 2004-07-12 02:35 · Score: 1, Funny

Do they really want such an intimate relationship with the Imperial Revenue Service?
Hah! by SeinJunkie · 2004-07-12 02:35 · Score: 5, Funny

Let's see Microsoft do that!
1. Re:Hah! by Last_Available_Usern · 2004-07-12 02:38 · Score: 1, Funny
  
  Well, they would, but it would likely cost them more to set up the paperwork then they would get in return donations :)
2. Re:Hah! by Anonymous Coward · 2004-07-12 02:39 · Score: 5, Funny
  
  Actually IE users would use the tax code section that covers Gambling Losses.
3. Re:Hah! by magefile · 2004-07-12 03:09 · Score: 3, Funny
  
  Good $DEITY, two tax attorneys in one thread? Wait, did I just violate some corollary to Godwin's law?
I bought a shirt.... by croddy · 2004-07-12 02:40 · Score: 4, Funny

I bought a t-shirt from mozillastore ... does that count?
(fingers crossed)
1. Re:I bought a shirt.... by Anonymous Coward · 2004-07-12 03:04 · Score: 1, Funny
  
  if the ammount you paid is dramatically more than the value of what you got in return, you can deduct the overage
  
  Hmmm...might want to deduct my ex-wife...
  
  Ring.............2 mo salary
  Wedding..........$25K
  Divorce..........$10K
  being free and
  clear of her.....PRICELESS!
2. Re:I bought a shirt.... by strike2867 · 2004-07-12 04:10 · Score: 2, Funny
  
  Actually you get dramatically more money in return, considering all those girls who won't date you for wearing it.
  
  --
  
  Vote for new mod!!! Score:-2,Imbecile
Doh! What about last year's return? by buzban · 2004-07-12 02:48 · Score: 5, Funny

um...

meaning you can now deduct donations made directly to Mozilla.org from your income tax returns

what if I've been deducting donations for a year or so now? :P
Great. by Scrab · 2004-07-12 02:50 · Score: 2, Funny

I can claim it on my tax returns. All I need now is to actually have any money......

*sigh*

--
RoseColor red={0, 0xffff, 0x0000, 0x0000};VioletColour blue={0, 0x0000, 0x0000, 0xffff};find / -name *mybase*|chown you
Re:Open Source kills jobs! by T-Keith · 2004-07-12 02:56 · Score: 2, Funny

First the Government recommends it, now they are financially supporting it. What's next, they prosecute Microsoft?
Re:Obviously... by thumperward · 2004-07-12 03:03 · Score: 5, Funny

Isn't it

1. Get 501(c)(3) approved
2. Post on Slashdot for millions to see
3. ???
4. don't profit, because you're 501(c)(3) approved!

- Chris
This means that . . . by Prince+Vegeta+SSJ4 · 2004-07-12 04:00 · Score: 4, Funny

because they are not able to return the money to investors that they investors would be looking for.
I can deduct most of my investments from the late 90's, since 90% of the companies from the dot.bomb era must have been nonprofits! w00h00