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Latest Guidance on Individual Scout Accounts

vtcchokie92
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qwazse Senior Member

qwazse

Posted
Posted
On 12/15/2024 at 8:48 PM, fred8033 said:

… band booster clubs, but IRS did go after them.  Individuals are charged for their experiences.  ….

I’m a band geek as are many of my scouts, but no band that I know of has monetized their service and reported it to their school board. If they had done (in some credible fashion), the IRS might have backed off — but the Musician’s Union might come knocking!

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Eagle1993
Eagle1993

This looks like a response to a request from a Pack for the IRS to provide tax guidance.  I think it has been clear that scout accounts are in the grey area of tax regulations.  This is a case of don'

T2Eagle
T2Eagle

it simply isn't true that the law is clear on this, and that use of these accounts within reason is a clear violation of the law or IRS regulations, or is contingent simply on the idea that one won't

qwazse
qwazse

Nothing new to see here. So a scout assigned responsibility of 10k in the troop treasury. He spends it on gear to be properly prepared for some high adventure trips. The skills gained preparing f

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