April 8, 1999
'Affinity Card' Revenue Not Taxable, Court Says
In a closely watched case that could affect thousands of non-profit organizations that receive money from royalty agreements, the U.S. Tax Court has ruled for a second time that the Sierra Club does not owe tax on revenue from an "affinity" credit-card program.
The Tax Court rejected Internal Revenue Service arguments that income from the credit-card arrangements should be counted as compensation for services and thus taxed as income that is unrelated to the
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