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View Diary: McCain Bad For Social Security – Supports Private Accounts (15 comments)

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  •  Not so simple (0+ / 0-)

    I tried to help someone start a non-profit a couple of years ago. Between the paperwork and the tax-filing issues, we never even got to the point of filing for nonprofit status with the IRS. My friend ended up paying taxes and penalties on a small donation.

    If it's that hard to set up a do-good nonprofit, I can't imagine what a pain it is to start and run a business.:-/

    •  There's a huge difference (0+ / 0-)

      It's not the same thing at all.  It's relatively easy to start a business, file a Schedule C, and a Schedule SE.

      The whole point of a non-profit organization is to AVOID taxes.

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