[AGA SC] Financial Info needed re applying for IRS recognigtion of tax-exempt status

["S. Hieber" <shieber@yahoo.com>]

I am almost ready to submit the application to the IRS
asking it to recognize AGA's tax-exempt status. We want to
ask the IRS to recognize tax-exempt status from the
inception of the corporation forward. While the IRS is not
required to do so in any event since we are applying past
the deadline for doing so, it will *only* do so if we
provide financial info for each of the years of
incorporation. Otherwise, we will have to pay back taxes
and penalties for any years for which we cannot provide the
data and are not recognized as tax-exempt. In other words,
it might only recognize tax-exempt status from the date of
the application forward. But it might recognize tax-exempt
status for prior years if we provide appropriate data for
those years and plead our case well.

I have enough info for 2003 but need info for 2002 and
2001, which was the year of incorporation.

Does anyone have a copy of the end of year figures for 2001
and 2002, especially gross revenue and interest income and
gross expenses? An item needed in particular, is the
initial income, the amount of money the corporation started
with, which constitutes income in the first year of its
incorporation.

If I'm not explaining this well, let me know and I'll try
to answer what questions I can about the matter as best as
I understand it. Who said the new tax code simplified
things? :-\

Thanks,
Scott H. 
  ------------------
  To unsubscribe from this list, e-mail majordomo@thekrib.com
  with "unsubscribe aga-sc" in the body of the message.
  Old messages are available at http://lists.thekrib.com/aga-sc
  When asked, log in as username is "aga-sc", and password "incorp".