HomeMy WebLinkAboutAgr 2005-03-11 (IRS)
Internal Revenue Service
Date: March 11, 2005
Department of the Treasury
P. O. Box 2508
Cincinnati,OH 45201
TOWN OF TIBURON
1505 TIBURON BLVD
TIBURON CA 94920-2530
Person to Contact:
Tracy Garrigus #31-07307
Customer Service Representative
Toll Free Telephone Number:
8:30 a.m. to 5:30 p.m. ET
877 -829-5500
Fax Number:
513-263-3756
Federal Identification Number:
94-1576861
Dear Sir/Madam:
This is in response to your request of March 11, 2005, regarding your organization's exemption from Federal
income tax.
As a governmental unit or a political subdivision thereof, your organization is not subject to Federal income tax
under the provisions of Section 115(1) of the Internal Revenue Code, which states in part:
"Gross income does not include income derived from ... the
exercise of any essential governmental function and accruing
to a State or any political subdivision thereof..."
Because your organization is a governmental unit or a political subdivision thereof, its income is not taxable as
explained above. Contributions used exclusively for public purposes are deductible under Section 170(c)(1) of
the Code.
Your organization is not liable for the tax imposed under the Federal Unemployment Tax Act (FUTA).
Your organization may obtain a letter ruling on its status under section 115 by following the procedures
specified in Rev. Proc. 2004-1 or its successor.
If you have any questions, please call us at the telephone number shown in the heading of this letter.
~.
for Janna K. Sk fca, Director, TE/GE
Customer Account Services
~ /(-c(
7- " J
,1 if 11