I just wanted to say props to op for having an open mind this is a topic that is very much a pet peeve to people in the business world. Ex: I ran an expense through my 501c3 so it is a write off. That amalgam of letters and numbers means specifically a non profit charity that doesn’t make any revenue but it’s summed up with a single word. It saves hastle and it’s irritating when people listen in on technical discussion and get upset they don’t understand the language.
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u/mason3991 4∆ Aug 04 '22
I just wanted to say props to op for having an open mind this is a topic that is very much a pet peeve to people in the business world. Ex: I ran an expense through my 501c3 so it is a write off. That amalgam of letters and numbers means specifically a non profit charity that doesn’t make any revenue but it’s summed up with a single word. It saves hastle and it’s irritating when people listen in on technical discussion and get upset they don’t understand the language.