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

["David Lass" <davidlass@villasunscape.com>]

I think the enclosed reports should help. Please let me know if I can do
anything else.
Take care,
David

----- Original Message ----- 
From: "S. Hieber" <shieber@yahoo.com>
To: <aga-sc@thekrib.com>
Sent: Saturday, July 17, 2004 10:16 AM
Subject: [AGA SC] Financial Info needed re applying for IRS recognigtion of
tax-exempt status


> 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.
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Attachment: AGA Annual Report 99.xls
Description: MS-Excel spreadsheet

Attachment: AGA Annual Report 2000.xls
Description: MS-Excel spreadsheet

Attachment: AGA Annual Report 2001.xls
Description: MS-Excel spreadsheet

Attachment: AGA Annual Report 2002.xls
Description: MS-Excel spreadsheet