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

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

Thanks David,

I wasn't sure who, if anyone still had any copies of the
old reports. Yesterday's papers and all that. 

Anyway, thanks, these ought to do the trick. I'll post a
note to the Board when I'm ready to submit the application
so that everyone is on notice. I hope to get it done before
the ACA convention next week, but probably the following
week is more likely and a mid year financial summary should
be ready by then, too.

sh

--- David Lass <davidlass@villasunscape.com> wrote:
> 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 part 2 application/vnd.ms-excel name=AGA
Annual Report 99.xls


> ATTACHMENT part 3 application/vnd.ms-excel name=AGA
Annual Report 2000.xls


> ATTACHMENT part 4 application/vnd.ms-excel name=AGA
Annual Report 2001.xls


> ATTACHMENT part 5 application/vnd.ms-excel name=AGA
Annual Report 2002.xls



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