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<br /> BOYS b GIRLS FLUS OF IA°DIAN RIVER
<br /> final detertzination of your foundation statuD .
<br /> If we publish a notice in c "* Internal Revenue Bulletin stating that, we
<br /> will no longer treat you ae a p .iblicly supported organization , ar: ntors and
<br /> contributors may not rely on this determination after the date we puhlish the
<br /> notice. rn addition , if you lose your 5tacus as a publicly supported organi -
<br /> zation , and a grantor or contributor wan responsible for , 7r was aware of , the
<br /> act or failure LO act , that resulted ' n your loss of aucit atatus , that person
<br /> may not rely on this determination from the date cf the act or failure to act .
<br /> Also , if a granter cr contr_ butor lsa ned that we had given notice that you
<br /> would be removed from classification as a publicly supported organization , then
<br /> that pe zoo may a t rely on tf.is determination ae of the date he or she
<br /> acquired such ?-..-.^;sledge .
<br /> : f you change your sources of Support , your purposea , character , or method
<br /> of cpezati. on , please let 'ss know so we can consider the effect of the change on
<br /> your exempt statuz and foundation status , if you amend your organizational
<br /> dac:rmezt or bylaws , please send us a copy of the amended document or bylaws .
<br /> Also , let us know all changes in your name or address .
<br /> As of January 1•, •1994 , you are liable for social security taxes under
<br /> t:le 7ederal Insurance Contributions Act on amounts of $ 100 or more you pay to
<br /> each of your employees :. during a calendar year . You are not liable for the tax
<br /> Imposed under the Federal Unemployment Tax Act ( FUTA ) _
<br /> organizations that are not privatt foundations are not subject to chs pri -
<br /> vate feundatian excise taxes under chapter 42 of the Internal Revenue Code .
<br /> Fowevc=, you are not sutomatic;ally exempt from other federal e:xc, ce taxes , if
<br /> you have any questions about excise , employment , or other federal taxes , please
<br /> let us know .
<br /> Donors may dedseZ : eont_ibutions to you as provided in rection 170 of the
<br /> rnternal Revenue Code . Dequests , legacies , devises , transfers , or gifts to you
<br /> or For your use are deductible for federal estate and gift tax purpose= if they
<br /> meet the applicable provisions of sections 2055 , 2106 , and 2 .522 of the Code .
<br /> Donors may deduct contributions to you only to the &-xrent that their
<br /> cantribut _ ons are gifts , with no consideration received _ Ticket purchases and
<br /> amilar payments in . conjunczion with fundraizinc events may not necessarily
<br /> qualify ass deduczible contributions , depending on the circumstances . novenue
<br /> Ruling : ' 7 - 246 ,o -4n 1967 - 2 , on page 104 , gives
<br /> guideli:ez regarding when. taxpaycre may deduct payments for admission to , or
<br /> other particip4clon• in , fundraising activities for charity .
<br /> You are not required to file Form 990 , Return Of Organization BXempt From
<br /> Income Tax , if your gross receipts each year are normally $ 25 , 000 or lnzz . If
<br /> you receive a Form 990 package in the mail , simply attach the label provided ,
<br /> check the box in the heading indicate that your :. n_nu &l gross receipts arc
<br /> nor:-tally 5Z5 , OOO or Lasa , and sir the rscurn . Because yeu will be treated as
<br /> a public c.^xn= ity for = * turn filing purposes during your entire advance ruling
<br /> period , you should Filo Farm 990 for each near in your advance ruling period
<br /> Letter 1045 ( CO / C; ;
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