Gallery Does Not Get Exempt Status And The Lusty Month Of May
You are similar to the organization described in Revenue Ruling 71-395. You were formed by a group of artists and are operating an art gallery open to the general public which displays and sells members’ artwork. One advantage of membership is listed as the ability to show works. In addition, like the organization in the revenue ruling, a committee consisting of artist members selects works that will be displayed and offered for sale. Additional members are admitted to membership by approval of the existing members. Your gallery is open free to the public on certain days and by appointment on others. Nearly all work is for sale, and you retain a commission of the original sales price of artwork that is sold. Consequently, like the organization in the revenue ruling, you are a vehicle for advancing members’ careers and are promoting the sale of members’ artwork. This serves the private purposes of your members, even though the exhibition of art may be an educational activity in other respects.
Review Of “Ways And Means For Managing Up” By F William Smullen
I am not much of a fan of "self-help" books but when I saw that Bill Smullen had written Ways and Means for Managing Up: 50 Strategies For Helping You And Your Boss...
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.