Tax Information Package - EW-TXP4 - IRS Correspondence - 501d Status Granted
Tax Information Package - EW-TXP4
IRS Correspondence - 501d Status Granted
Internal Revenue Service Department of the Treasury
P.O. Box 1123 Central Station
St. Louis, MO 63183
East Wind Community, Inc.
Tecumseh, MO 65760 Contact: R. Belleville
Telephone: (314) 425-5651
501(d) Federal income tax exemption Refer reply to: EP/EO:7206
StL:EO:78:870 DATE: MAY 18, 1978
We have considered the information submitted by you for use in determining your status for Federal income tax purposes under the provisions of Section 510(d) of the Internal Revenue Code.
Based on the information submitted, and assuming your operations will be as stated in your application for recognition of exemption, we have determined that you are exempt from Federal income tax under the provisions of Section 501(d) of the Code.
You are required to file a return on Form 1065 for each taxable year, stating specifically the items of gross income, deductions, and taxable income. There must be attached to the return, a statement showing share of the taxable income for such year. The return must be filed on or before the fifteenth day of the fourth month after the close of your annual accounting period, September 30. The amount of income to included in the return of a member is his pro rata share of your taxable income for the taxable year ending with or within the taxable year of the member.
Since you are organized and operated on a communal basis and maintain a common treasury from which funds are withdrawn to support your members, it cannot be said that your receipts do not inure to the benefit of your members. Therefore, contributions to you are not deductible by the donors in computing their taxable income as provided by Section 170 of the Code. Amounts paid or permanently set aside by a trust or estate to or for your use are not deductible by the trust or estate under Section 642(c) of the Code and bequests, legacies, devised, transfers or gifts to you or for your use are not deductible under the provisions of Sections 2055, 2106, and 2522 of the Code.
Because this letter could help resolve any questions about your exempt status, you should keep it in your permanent records.
If you have any questions, please contact the person whose name and telephone number are shown in the heading of this letter.
Sincerely yours (signed)