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2�'�01 <br /> 2- <br /> PROTECT KOHANAIKI 'OAANA, INC <br /> on page 1014, which sets forth guidelines regarding the deductibility, as char-- <br /> table contributions, of payments made by taxpayers for admission to or other <br /> participation in fundraising activities for charity, <br /> In the heading of this letter we have indicated whether you must file Fo= <br /> 990, Peturn of Organization Exempt From Income Tax, If Yes is indicated, you <br /> are required to file Form 990 only if your, gross receipts each year are <br /> normally more then $25,0000. However, if you receive a Form 990 package in the <br /> mail, please 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 normally <br /> $25,000 or less, and sign the return. <br /> If a return is required, it must be filed, by the 15th day of the f'ift'h <br /> month after the end of your annual accounting period. A penalty of $10 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 $5,000, or 5 per- <br /> cent of your gross receipts for the year, whichever is less . This penalty me-, <br /> also be charged if a return is not complete, so please be sure your return -, a <br /> complete before: you file it , <br /> You are not required to file Federal income tax returns unless you are <br /> subject to the tax on unrelated business income under section 511 of the Code , <br /> if you are subject to this tax, you must file an income tax return oil Form <br /> 9190-T, Exempt Organization Business 'Income Tax Return,. in, this letter we are <br /> not determining whether any of your present or proposed activities are unre- <br /> lated trade or business as defined in section 13 of the Code,. <br /> You need an employer identification number even if you have no employees <br /> if an, employer identification number was not entered on your application, a <br /> number will be assigned to you and you will be advised of it , Please use tha-_ <br /> number on all :,eturna, you file and in all, correspondence with the. Internal <br /> Revenue Service. <br /> If we have indicated in the heading of this letter that an addend,= <br /> applies, the enclosed addendum is an integral part of this letter. <br /> Because chis letter could help resolve any questions about your exempt <br /> status and fc--ndation status, you should Yeep it in your permanent records. <br /> Letter 947 MO <br />