Laserfiche WebLink
GIFFORD YOUTH ACTIVITY CENTER INC <br /> that you exceed the $ 25 , 000 filing threshold even if your sources of support <br /> do not satisf_r the public support tesc specified in the heading of this letter . <br /> If a return is required it must be filed by the 15th day of the fifth <br /> month after the end of your annual accounting period . A penalty of $ 20 a day <br /> is charged when a return is filed lace . , unless there is reasonable cause for <br /> the delay . However , the maximum penalty charged cannot exceed $ 10 , 000 or <br /> 5 percent of your gross receipts for the year , whichever is less . For <br /> organizations with gross receipts exceeding $ 1 , 000 , 000 in any year , the penalty <br /> is $ 100 per day per return , unless there is reasonable cause for the delay . <br /> The maximum penalty for an organization with gross receipts exceeding <br /> $ 1 , 000 , 000 shall not exceed $ 50 , 000 . This penalty may also be charged if a <br /> return is not complete . So , please be sure your return is complete before you <br /> file it . <br /> You are not required to file federal income tax returns unless you are <br /> subject to the tax on unrelated business income under section 511 of the Code . <br /> = f _Icu are sup.:, j ec " to this tax , you Must Lite an income tax return on Form <br /> 990 - T , Exempt Organization Business Income Tax Return . In t'lis letter we are <br /> not determining whether any of your present or proposed activities are unre - <br /> a"ted-grade—ar—buus-rnesz—as—de£in on b13 o t e Code . <br /> You are required ' to make your annual information return , r^orn 990 or <br /> Form 990 - EZ , available for public inspection for three years after the later <br /> of the due date of the return or the date the return is filed . You are also <br /> required to make available for public inspection your exemption application , <br /> any supporting documents , and your exemption letter . Copies of these <br /> documents are also required to be provided to any individual upon written or in <br /> person recruest without charge other than reasonable fees for copying and <br /> postage . You may fulfill this requirement by placing these documents on the <br /> Internet . Penalties may be imposed for failure to comply with these <br /> requirements . Additional information is available in Publication 557 , <br /> Tax - Exempt Status for Your Organization , or you may call our toll free <br /> number shown above . <br /> You need an employer identification number even if you have no employees . <br /> If an employer identification number was not entered on your applia <br /> cation , e <br /> will assign a number to you and advise you of it . Please use that number on <br /> all returns - you file and in all correspondence with the Internal Revenue <br /> Service . <br /> If we said in the heading of this letter that an addendum applies , the <br /> addendum enclosed is an integral part of this letter <br /> Because this letter could help , us resolve any questions about _your exempt <br /> status and foundation status , ,you should keep it in your permanent records . <br /> . We have sent a copy of this letter to your representative as indicated <br /> in your power of attornev . <br /> fetter 20 = 5 i %C ,. ! .` l <br />