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Submitted by emmettoconnell on Wed, 08/20/2008 - 3:14pm.

Wow (from Ken):

I was saddened to hear that the Thurston County Chamber of Commerce owed the IRS $200,000 in back taxes and penalties.  It’s tough enough for a non-profit to operate on a daily basis without having to pay large sums of money for back taxes.  Thank goodness the Thurston Chamber had reserves it could draw from and the back tax issue shouldn’t impact the future operations of the organization.

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$200,000

$200,000 seems like a lot of money. Exactly how does the Chamber generate revenue?
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Great question.Equally

Great question.

Equally important is how they got so far in the hole in the first place.

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Membership dues fund the

Membership dues fund the Chamber alo0ng with special events
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war tax resistance

Maybe the chamber stopped paying its taxes in an act of war-tax resitance.




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Self made problem

They got in this trouble because they weren't paying their employee taxes which of course they are blaming on the bookkeeper. Okay the bookkeeper was wrong but where was the oversight? It's kind of hard to not notice that large bills aren't being paid, like almost $17,000 per month. I guess they thought they were really good at managing money all of the sudden. What a joke.
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