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Submission Summary: 0 pending, 11 declined, 1 accepted (12 total, 8.33% accepted)

Mozilla

+ - IRS Investigating Mozilla Foundation Status

Submitted by
The Bungi
The Bungi writes "From TechCrunch comes word that everybody's favorite government agency is investigating the Mozilla Foundation because of their primary source of revenue: their commercial agreement with Google. Revealed in their latest financial statement, it seems that at issue is the Foundation's status as a non-profit entity, based on their claims that said revenue from the Google search defaults in Firefox should be considered "royalties". If the IRS begs to differ with them, the result could be the loss of their status under the tax code, and they would have to pay excise taxes on the $85M they got in 2007 alone. Perhaps not a big deal considering how much money they make off Google, but would they be viewed differently by their users and contributors if they suddenly turn into a corporation?"

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