We are just starting the process too. I was wondering if I need to wait for the incorporation paperwork to come back before applying for an EIN #
Thanks
My computer crashed in the middle of typing my message, and when I brought it back up I posted on the wrong topic. This is what I said:
A PTO with gross receipts less than $5,000 can function as a tax exemt organization without filing to officially recognized. The Instructions for Form 1023 (application for Exemption) also say you have 27 months after you were legally formed to file. I would get the EIN for banking purposes and then see how the organization develops.
I'm sorry, I should have worded the question better. I was wondering where the beginning fees come from when the PTO doesn't exist yet?
I am interested in starting a PTO where one has never been before, not even a PTA. I have no access to money from any place, that is why I am asking where the money comes from to begin these things.
Thanks