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Old 11-23-2023, 09:39 AM
Keefelane66 Keefelane66 is offline
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Originally Posted by Rich42 View Post
There is no way that I pretend to understand all the IRS tax laws. However, could someone please explain to me how a private company called Significant Productions, as was discussed in the Sun News paper today can be considered a nonprofit and, therefore tax free company. I believe it is owned or managed, or somehow very involved with Whitney Morse and its sole purpose is to provide entertainment to villagers through extravagant ticket prices at the Sharon and the Studio theaters. How in the world can this be considered a nonprofit operation?
It's a way of maximizing profits through tax loopholes.