[PDF] IRS Private Letter Ruling: Time Dollars™ are Tax-exempt

The IRS has issued three local rulings that Time Dollars™ are tax exempt.

They have given three reasons for this status:

  1. An hour is always an hour, regardless of what is offered
  2. They are backed only by a moral obligation and are not legally binding
  3. Their purpose is charitable.
Read the entire  IRS TimeDollar Rulings [PDF]

 

 

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