Re: innkeeping: not for profit

[Huntington Hall <hhallbnb@grove.net>]

At 10:35 AM 5/5/97 -0400, you wrote:
>
>At 12:11 AM 5/4/97 -0400, Bob DeLong wrote:
>>NCBBI has applied to the IRS for tax exempt status and our application has
>>been challenged.
>
>Bob, are you sure you applied under the proper section? There are 
>basically
>2 tax exemption sections, 501c3 and 501c6. One is for charitable
>organizations (eg. Red Cross) and the other is for trade associations. You
>should be applying as a trade association. Unless the association is
>engaged in business operations, you shouldn't have a problem.
>
>What is the nature of the challenge?
>
>PS - I'm not a lawyer, but I used to run trade associations in my
>pre-innkeeping days.
>
>Chip
>
>Chip Connelly
>Echo Lake Inn, Ludlow, Vermont 05149-0154
><http://www.vermontlodging.com/echolake.htm>
>

Dear Chip:
We did apply as a 501c6 and have submitted all additional materials, as 
per
the IRS request in the challenge. Now, it will be another waiting game.Can
you explain "business operations" in your statement above? I would
appreciate your input.

Thanks for your interest!

Bob
Bob DeLong, President
North Carolina Bed & Breakfast and Inns
Huntington Hall Bed and Breakfast
500 Valley River Ave.
Murphy, North Carolina  28906
(800)824-6189
fax (704)837-2527
e-mail us: hhallbnb@grove.net
our url:http://www.innsite.com/inns/A000977.html
        http://www.bbonline.com/nc/ncbbi/murphy.html