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<br /> MAR-25-2009 WED 10:08 AM CofH Legislative Auditor FAX NO. 808 961 8572 P. 03
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<br /> 03/23/2009 13:49 8089351205 COH R AND D PAGE 03/04
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<br /> 71l1FITDS of NntJ1A
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<br /> Contribution deductions are allowable to donors only to the extont that
<br /> their contributions arc gifts, with no consideration received. 'Ticket pure
<br /> Chasse and similar payments in conjunction with fundraising events may not
<br /> na:cessarily qualify ac deductible contribations, depending on the circum-
<br /> stances. See revenue Ruling 67-246, published in' Cumulative Bulletin 1567-2,
<br /> on page 10-l, which cots forth' guidelines regarding the dcductibilitg, a:«
<br /> tahle contributions, of payments made by taxpayar6 fox admission to or ot!iav
<br /> pa.rticipat:4on in fundraising activities for charity.
<br /> In the heading of this letter wt have indicated whether you must file rnrx.
<br /> 990, Return of Organization Exempt From Income Tax, if Yes is indl.eated, y,oa
<br /> aro xoquirod to file Fong P30 only if your gross receipts each year ar.o
<br /> normally morns than $25,000. However., if you receive a Form 990 packe.ge in tt';
<br /> mail, pleaoe file the return even if you do not exceed the gross receipts. test.
<br /> If you are not required to file, simply attach the label provided, check the
<br /> box in the heading, to indicate that Your annual gross receipts are no.rmoll.l:
<br /> $25,000 or less, and sign tha return,
<br /> if s return is required, it must be filed by tho Uth day of the
<br /> month altar the end of your annual accounting pt.riad. A penalty r-f 520
<br /> is charged wham a return is filed late, unless there is reasonable cause "_oz
<br /> tho delay. Mowever, the maximum penalty charged cannot exceed 610,000 or
<br /> 5 percent of your gross receipts for the year, whichever is lass. F'or
<br /> oKganizaticns with gross receipts exceeding $1,000,000 in any year, the k.•er.alt
<br /> is $100 pcr day per return, unless there is reasonablo cause for tha doloy.
<br /> The maximat0 penalty for an organization with gross receipts exceeding
<br /> $1,000,000 shall not exceed $50,000• This penalty may alpo be charged if, e,
<br /> return is not complete, so be sure your return is complete before you iil.n It.
<br /> You are required to make your annual information return, roan 990 or.
<br /> Form $90-U, available for public inspection for throe years after the lat6r
<br /> of the due date of the return or the date the r.ehurn is filed, You are alr„c
<br /> required to make available for public inspection your oxemption applicari,::i,
<br /> any supporting documents, and your exemption letter. Copies of these
<br /> documents are also required to ba provided to any -individual upon written or ix~
<br /> person request without charge other than reasonable fees far copying cad
<br /> pontagm. You may fulfil), this requirement by placing these documenta on the
<br /> Internet, PenAlt,14nn may be imposed for failure to comply with these
<br /> requirements. Additional information is available in publication $57,
<br /> Tax-Exempt snatus for Your Organization, or you may call our toll Brea
<br /> numbdr shown above.
<br /> You are not required to file federal income tax returns unlesa you ar,i
<br /> subject to the tax on unrclatrd business income under sact.ion 511 ef, the r7od..
<br /> If you are subject to this tax, you inuat file an income tax return cr. tq;ia
<br /> 990-T, Exempt Orge.nization Business Income Tax Return. In chin letter we ara
<br /> not detennini,ng Whpt4er any of your present or proposed activities crs unrr,-
<br /> lAtod trade or business az defined in section 513 a: the Code.
<br /> You nerd an exnnloyer identification nuabar even if you have no
<br /> cropl.t .e
<br /> Letter 947 Ins/C.;
<br /> ORIGINAL
<br /> Received Time Mar-25, 2009 9:49AM No.3305
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