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Inside ACA — February 2007 Printable Version (PDF)

Relevant Issues

Internet Awareness! Webshots.com
Congressional Extension of Sales Tax Deduction Includes Boats
IRS Launches Online Workshop for Exempt Organizations


Internet Awareness! Webshots.com

Webshots.com, yet another popular social networking venue, allows anyone to post and share photos, videos, and slideshows, as well as posting messages. Camps should increase their awareness of Web sites such as these and understand the risks posed by the new Internet age. As a measure of partnering with parents, keep your camper parents and campers aware of your social networking policies.

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Congressional Extension of Sales Tax Deduction Includes Boats

Camps with aquatic and boating programs may be interested in a recent release from the Boat Owners Association of the United States. According to the release, tax filers who made a large purchase in 2006, such as a boat, may deduct state and local sales taxes paid if the tax rate applied to the boat was the same as the state's general sales tax.

A notice on the IRS Web site outlines the so-called "extender provisions" and gives a February 3, 2007, deadline for returns with these deductions.

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IRS Launches Online Workshop for Exempt Organizations
The Internal Revenue Service has launched a new Web-based version of its popular Exempt Organizations Workshop covering tax compliance issues confronted by small and mid-sized tax exempt organizations.

The free online workshop, Stay Exempt: Tax Basics for 501(c)(3)s, consists of five interactive modules on tax compliance topics for exempt organizations

You can access this new training program at www.stayexempt.org. You can complete the modules in any order and repeat them as many times as you like. The online-training Web site doesn't require registration and visitors will remain anonymous.

Source: Nonprofit Risk Management Center, e-News, January 31, 2007.

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2007 February Inside ACA Newsletter
 
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