Mounted search and rescue

[Una Smith <una.smith@att.net>]

This e-mail applies only to those MSAR units in the United States
that are formally organized (or informally operating) as tax-exempt
organizations with the IRS.

Currently, exempt organizations with gross receipts under $25,000
do not need to file an annual notice (IRS form 990).  But that will
change as of 2008.

>From http://www.irs.gov/charities/article/0,,id=161145,00.html :
>Beginning in 2008, exempt organizations with gross receipts under
>$25,000 must file an annual notice.*
>
>*Information on how to comply with these provisions will be
>available on this site soon.

Note that organizations with purpose consistent with 501(c)(3) and
annual gross receipts under $5,000 currently may operate as exempt
organizations without ever filing IRS form 1023 to obtain a letter
of determination.

        Una Smith
        New Mexico