COM 0072.000 2008-2010 - Laserfiche WebLink

Home

DEC-26-2908 1935 From:PDMNXRX eoe%18908 To:808 961 8572 P.2/4 -2- 90-9 AND GIRL CLUB OF TH$ BIO a final determination of your foundation status. If we publish a notice in the internal Revenue Bulletin stating that we will no longer treat you as a publicly supported organization, grantors and caatributord may not rely on this determination after the date we publish the notice. In addition, if you lose your status ad a publicly supported organi- sation, and a grantor or contributor was responsible for, or was aware of, the act or failure to act, that resulted in your 1065 of sudh status, that parson may not rely on thin determination from the date of the act or failure to act Also, if a grantor or contributor learned that we had given notice that you would be removed from classification as a publicly supported organisation, than that person may not rely on this determination as of the date he or she acquired such knowledge. If You change your sources of support, your purposes, character, or method of operation, please le[ us know se we can consider the effect of the change your am mipt status and,foundation status. If you amend your organizational document or bylaws, p}eaae send us a copy of the amended document or bylaws. Also, let us know a11'changad in your name or address. As of January l`, 1984, you are liable for social security taxes under the Federal Insurance Contributions Act an amounts of $100 er more you pay to each of your employees during,.a calendar year. You are not liable for the t imposed under the Federal Unemployment Tax Act (MA). Organizations that are not private foundations are not subject to the pri- vate foundation excise taxes under chapter 47 of the Internal Revenue Code. However, you are not automatically exempt free ether federal excise taxes. If you have any questions about excise, employment, or other federal tares, pleas let us know. Donors may deduct contributions to you as provided in section 170 of the Internal Revenue Code. Bequests, legacies, devises, transfers, or gifts to yo or for your use are deductible for Federal estate and gift tax purposes if the meet the applicable provisions of sections 2055. 9106, rand 2522 of the Code. Donors may deduct contributions to you only to the extant that their contributions are gifts, with no consideration received. Ticket purchases end similar payments in conjunction with fundraising events may not necessarily qualify as deductible contributions, depending on the circumstances. Revenue Ruling 67-246, published in Cumulative Bulletin 1967-2, on page 104, gives guidelines regarding when taxpayers may deduct payments for admission to, or other participation in, fundraising activities for charity. Contributions to you are deductible by donors beginning MAY 30, 2002. You are not required to file Form 990, Return of Organization Exempt From Income Tax, if your gross receipts each year are normally $25,000 or lean. If you receive a Form 990 package in the mail, simply attach the label provided, aback the box in the heading to indicate that your annual gross receipts are normally $95,000 or loos, and sign the return. Because you will be treated as Letter 1045 (DO/CC) ' a