What is the name of your state? Connecticut
Hello,
I am part of an organization (a band) that formed September 1969. We however, have never applied for tax exempt status under 501( c ) 3. We don’t have any employees; everything is strictly on a volunteer basis. No person in the band gets compensated. All of the money the band has generated over the past 38 years has been from performances. Nobody donates money to us; neither do we have membership dues. We have decided to file for tax exemption as a public charity because there has been a recent change in leadership. The new leader wants to get us straight with the IRS while the old leader had no interest in doing so. I am tasked with filling out the application for tax exemption. While doing so, I found we obviously missed the 27-month cutoff date. So, how do we go about filing correctly? What do we say? Is it possible we could consider ourselves dissolved under old leadership and reformed under the new? If so, how do we explain where our money came from? Are there some serious jail time ramifications for not filing?
Thank you for all your help.
Hello,
I am part of an organization (a band) that formed September 1969. We however, have never applied for tax exempt status under 501( c ) 3. We don’t have any employees; everything is strictly on a volunteer basis. No person in the band gets compensated. All of the money the band has generated over the past 38 years has been from performances. Nobody donates money to us; neither do we have membership dues. We have decided to file for tax exemption as a public charity because there has been a recent change in leadership. The new leader wants to get us straight with the IRS while the old leader had no interest in doing so. I am tasked with filling out the application for tax exemption. While doing so, I found we obviously missed the 27-month cutoff date. So, how do we go about filing correctly? What do we say? Is it possible we could consider ourselves dissolved under old leadership and reformed under the new? If so, how do we explain where our money came from? Are there some serious jail time ramifications for not filing?
Thank you for all your help.