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-3 - <br /> HOY3 AND GIRL CLIIB OF THB BIG <br /> a public charity for return filing purposes during your satire advance ruling <br /> period, you should file Form 990 for each year in your advance ruling period <br /> that you exceed the $25,000 filing threshold even if your sources of support <br /> do not satisfy the public support teat specified is the heading of this letter. <br /> If a return is required, it must be filed by the 15th day of the fifth <br /> month after the sad of your annual accounting period. A penalty of $ZO a day <br /> is charged when a return is filed late, unless there is reasonable cause for <br /> the delay. However, the maximum penalty charged cannot exceed $10,000 or <br /> 5 percent of your gross receipts for the year, whichever is less. 8or <br /> organisations with gross receipts exceeding $1,000,000 is nay year, the penalty <br /> is $100 per day per return, ualeas there is reasonable cause for the delay. <br /> Tha maximum penalty for as organization with gross receipts exceeding <br /> $1,000,000 shall not exceed $50,000. This penalty may also ba charged if a <br /> return is not complete. So, please be sure your return is ca®plete before you <br /> file it. <br /> You are not req~irad to file federal income tax returns unless you are ' <br /> subject to the tax on unrelated busiaesa iacom?e wader section 511 of the Code. <br /> If you are subject ~o this tax, you must file as income tax return on porm <br /> 990-T, Exempt Organ ration Business Income Tax Rstura. Ia this letter wa are <br /> not datesminiag whether any of your present or proposed activities are unre- ~ <br /> lated trade or busiaesa as defined is section 513 of the Coda. <br /> I <br /> You era required to make your annual information return, Form 990 or <br /> Soren 990-8Z, available for public iaspectioa for three years after the later <br /> of the due date of the return or the date the retusn is filed. You are also <br /> required to make available for public iaspectioa your exemption application, <br /> nay supporting documents, and your exemption letter. Copies of these ~ <br /> documents are also required to be pravidad to any individual upon written or is <br /> person request without charge other than reasonable fees for copying and ~ <br /> postage. You may fulfill this requirement by placing these documents oa the ~ <br /> Internet. Penalties may be imposed for failure to co®ply with these <br /> requirements. Additional information is available in Publication 557, ~ <br /> Tax-Exempt Status for Your Organization, or you may call our toll free ' <br /> cumber shown above. ~ <br /> You need an employer identification number even if you have ao employees. <br /> If as employer identification number was not entered oa your application, we <br /> will assign a number to you and advise you of it. Please use that number oa <br /> all returns you file and in all correspondence with the Internal Revenue <br /> Service. <br /> This determination is based oa evidence that your funds are dedicated to ' <br /> the purposes listed in section 501(c)(3) of the Code. To assure your continued <br /> exemption, you should keep records to show that funds are spent only for those ~ <br /> <br /> purposes. If you distribute funds to other organizations, your records should <br /> show whether they are exempt under section 501(c)(3). In cases where the <br /> <br /> recipient organisation is not exempt wader section 501(c)(3), you must have { <br /> <br /> evidence that the funds will remain dedicated to the required purposes and that <br /> the recipient will use the funds for those purposes. <br /> i <br /> Letter 1045 (DO/CG) <br /> i <br /> i <br /> - <br /> <br />