Tax Exempt Status

I found a bunch of stuff in the file, so I asked an aquiantance of mine about it:

Paul Thomas, CPA wrote: >

> Your non-profit status doesn't actually expire, in that you have to > re-apply. The letter informing you of your tax exempt status from the IRS > carries an expiration date as it were, called an "Advance Ruling Ending > Date".

Indeed it does!

The "advance ruling" based on the application you sent in is > temporary in nature to a degree. The IRS should have sent you Form
8734, > Support Schedule for Advance Ruling Period. You need to complete that and > send it back in. All that does is further define you as either a public > charity, private foundation, etc, which impacts your ability to get > donations, grants, etc, but you'd still be a non-profit.

So we just to fill out an 8734 - we can do that! We're not expired, because we have 90 days after 12/31/06 to do it. >

If you haven't done that yet, or don't know if it's been done, or needs to > be done, call the IRS.

Thanks so much Paul!!!

Reply to
Angrie.woman
Loading thread data ...

OOPS! Wrong place!

Angrie.woman wrote:

Reply to
Angrie.woman

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.