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<br />?:~~°a~, ~-~x°,.'~.e3°p,rise Association of South Send, Ince <br />~~:~:ze t~e~? az, , rl'he maximum penalty charged cannot exceed $5, 000 or 5 <br />~~.r°c=e~7+`. ~°~}° your gross receipts for. the year, whichever is less. <br />`~~a.i. pcr,al~~.y may also be charged if a return is not complete, so <br />~~_:aa5e 7~e sure your return is complete before you file it. <br />~'eazY a}tee required to make your annual return available for <br />prabl~i~ inspection for three years after the return is due. You are <br />~z.,~~ :ce~.lired to make available a copy of your exemption <br />~:c~i~~_:~.ca~~:i..erne and supporting documents, and this exemption letter. <br />l:'a.~..S.ta.°e ~~o make these documents available for publio inspection may <br />~uA~eot. you to a penalty of $10 per day for each day there is a <br />a=r ~.~~ ~°e to comply (up to a maximum of $5, 000 in the case of an <br />?ssi?.v.ai_ r'et.urn) a See Internal Revenue Service Notice 88-120, 1988-2 <br />_~ ~~~~i- for additional information, <br />~Z~at~ are not required to file federal income tax returns unless <br />"~-'~' are subject to the tax on unrelated business income under <br />seca._{~~1. 511 of the Code. If you are subject to this tax, you must <br />°i.lc an 7.ncome tax return on Form 990-T, Exempt Organization <br />!susi_~~ess Income Tax Return. In this letter we are not determining <br />~?1_~?.e'U~.er any of your present or proposed activities are unrelated <br />,:e~.de or business as defined in section 513 of the Code. <br />Yot.i need an employer identification number even if you have <br />s-~o enr~;l.oyees. Please use that number on all returns you file and <br />i.n all correspondence with the Internal Revenue Service. <br />^!e are informing your key District Director of this ruling. <br />Because i:his letter could help resolve any questions about your <br />e~emp~c s~ta_tus and foundation status, you should keep it in your <br />~e•~ rnane,~.t records, <br />i. you have any questions about this ruling, please contact <br />~~1~e person whose name and telephone number are shown in the heading <br />Of "C'CA15 .letter. FOr Other mdtterS, lnclllding que:;ti OnS COnCeri,ing <br />~_epo=_cin.g x•equirements, please contact your key District Director. <br />Sincerely, <br />Jeanne S. Gessay <br />Chief, Exempt Organizations <br />Rulings Branch 2 <br />