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Posted by deddleman on March 13, 2008, 5:23 pm
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The employees where I work started an employee association in January
2007. From everything I've read, we fall into the 501(c)(5) labor
organization category and have to file an information return in May.
According to the IRS website, we can request a determination letter
from the IRS that states we're qualified to be tax exempt. We'd have
to pay $300 for the letter and, being small, we'd rather not do that
if it's unnecessary. I've looked over the qualifications and have no
doubt we're good. So does anyone know if we need to get the letter or
what the advantages of getting it would be?
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