Hi Nathan, This is great news! Thanks for keeping us up-to-date. I assume that our record keeping for last year will be organized just in case an audit occurs? I think such things need to be kept around for some minimum of years. I know for personal taxes, 7 years of financial information and tax returns has been quoted to me. Though that seems excessive. Hmm, this is now almost rhetorical.
Thanks again! I really like HCoop's operations being reasonably transparent. Ryan > I got through to the IRS Exempt Organizations line today at 9:30. They > told me that the ordinary filing requirements apply and that given that > our receipts are less than $25,000 we do NOT need to file, and that the > "Form 990 Required" on our letter of determination was contingent on this, > and unless we were to receive an inquiry from the IRS we don't need to > worry about it. > > Given that filing is optional, we should not file, since it would invite > further scrutiny and burden us with preparing a complete and accurate > return. > > As long as our annual receipts remain less than $25,000, we need not file > a form 990. The only annual return we need to file is with Pennsylvania > listing new officers if they have changed within the year. > > I also called Myer & Myer again. Their accountants are still "on the > phone" and they will supposedly call me back. > > -ntk > > > _______________________________________________ > HCoop-Discuss mailing list > [email protected] > http://hcoop.net/cgi-bin/mailman/listinfo/hcoop-discuss > _______________________________________________ HCoop-Discuss mailing list [email protected] http://hcoop.net/cgi-bin/mailman/listinfo/hcoop-discuss
