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We received our tax exemption

21 years 7 months ago #57439 by JHB
Congratulations on th 501(c)(3)!

Delving into the actual Tax Code citations is a heavy, very complicated way to go. What specific questions do you have about 2055, 2106, and 2522? Tell us where you saw the reference and what you are trying to discover. Maybe we can help.

On sales tax, that process is pretty simple. After all, tens of thousands of entities - tiny or huge - have to be able to understand and comply with the process.

Here's some info for Virgina:
www.tax.state.va.us/

Basically, you just need find out what types of things are taxable in your state, what the tax rate is, and file a form - probably once a year.

It's pretty straightforward.
21 years 7 months ago #57438 by ozgirl
We received our tax exemption was created by ozgirl
I was excited that we received our federal tax exemption, however, I am confused about where to find information on Sections 2055, 2106, and 2522 of the tax code. Can anyone help?

Also, from other posts I assume that we have to charge sales tax when we sell t-shirts, etc. And this could be state sales tax. Now I have to do even more research. We are located in Virginia and would love to hear from anyone who can help us with our new maze.

By the way, we filed our forms and got a quick response. We used the information in the folders sent to us when we became members of PTO Today. Thanks to everyone for contributing their information and making it easier for us. We may need to start adding some more information that relates to a lot of stuff we all have no idea about. Tax law.
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