My Writing


Back To Main | Contact Jim



What's New

10 things I know are true but cannot prove2

A Sad Commentary (RE: COVID-19 Virus)

A Blurb from the New Book


Guest Writers

Microbiologist Robert Todd on the Corona Virus


Past Articles

10 things I know are true but cannot prove


My Las Vegas/part1

My Las Vegas/part2

My Las Vegas/part3

My Las Vegas/part4


5 Things I know are true but canít prove

5 More Things I know are true but can't prove


A Separate IRS Code Section501(C)(3)Entity


Digital Cameras


My boxing experiences/part 1

My boxing experiences/part 2


I write for me


Casino Chip and Gaming Token Collectors Club Name Change


The Charcoal Room


The Clique


10 Ideas that might improve our club and convention


10 statements I know that are true but I canít prove!

10 statements I know that are true but I canít prove II

10 statements I know that are true but I canít prove III

10 statements I know that are true but I canít prove IV

10 statements I know are true but can't prove! V


A Long Crap Hand


The California Hotel & Casino & the Redwood Bar & Grill


Review of The Chip Rack Ė 11th Edition


The Entertainment Capital of the World


It truly is a small world!

The Hat & Cane 50 Cent Fremont

50 Centers

A Jerry's Nugget $5 Chip



Collecting $2.50 Chips

Cotton Club

Jolly Trolley


Lake Tahoe

Moulin Rouge


New Chip Finds

No Cash Value

Observation #1 Chip Rack 10th Edition

Observation #2 - The Building Fund

Observation #3  Poker & Federal Taxes

Our Bar



Poker Digest Interview


Rancho Inn


Reference Books Review of The Official U.S. Casino Chip Price Guide

Setting the Record Straight - Part I Background
Setting the Record Straight - Part II The Castaways


The Hunt





Back To Main | Contact Jim


The Perlowski Files!

Casino Chip and Gaming Token Collectors Club Name Change

The following article was posted by Jim on The Chip Board on March 12th, 2011

It appears the major concern involving a club name change is "if we do something the IRS may look at our 501 (c) (3)Ē. My reply to that what? Are we, as a club, doing something that we shouldnít? Has our mission changed? Isnít our primary mission, goal, and purpose education?

Let me put the discussion in its proper perspective. Our section 501(c) (3) status can be challenged by the IRS anytime for anything. They do not need a name change to investigate our organization. What then should we do? Put our head in the sand and not make any changes that may better our club? As a club member I am more concerned with what we as an organization is doing to further our education requirement. That should ALWAYS be our primary concern.

Changing the name of our organization DOES NOT change our mission or purpose which Nothing we do with merely a name change will jeopardize our status. Where the problem comes in is reality. Either Eric or I do not want to devote our time or energy to defending a challenge from the IRS. After all I earn my living from defending entities and individuals before the IRS. Obviously, I need to get paid in order to live. I canít speak for Eric but Iím sure his circumstances may be similar. So we cross our fingers and subscribe to the philosophy ďif it isnít broke donít fix itĒ, that my friend is the unadulterated truth.

A name change could constitute reorganization under IRS Code section 368 (a) (1) (F). In the past the reorganization code sections were written for the benefit of the taxpayer. Today things have changed and some of the code sections involving reorganizations benefit the government by way of tax. However, in my opinion reorganization under (F) would not affect our organization in any way.

When Eric fought for our status Iím sure it about killed him both physically and financially. I know when I fought alongside Nancy Clark for the Southern Nevada Organizationís tax free status all we could get, unless we wanted to go to court, was a 501(c) (7). It was not fun nor do I care to do it again. For those who do not know the primary difference between a 3 and a 7 is a 3 can take deductible charitable contributions. In other words, the donor can take a deduction on his/her tax return. A donor to a 7 cannot. There are other minor differences but what I just wrote is, as far as Iím concerned, the ONLY difference.

Personally, I would support a name change. However, consideration must be given to those who have worked to develop and grow our organization. Iím sure many of these individuals do not want to change our name. I can live with either decision but letís make the decision based upon facts not what someone thinks could or would happen.