It may be appropriate to point out that TarValon.Net, Inc., is not technically a "charitable organization" in the eyes of the law. We're registered as a social club.
I don't know that it's a both/and. From the IRS perspective, either you admit you got it illegitimately, in which case you are handled through the criminal justice system, or you insist you got it legitimately, in which case it's treated as regular income (baring something like a gift, and even...
Thank you for this update! I know many of us have been extremely interested and waiting with baited breath and varying degrees of patience for an update on this matter :D