Orange County NC Website
Browse       Search
DocuSign Envelope ID:3A2943C2-EE76-446E-9116-3566395E1533 <br /> • <br /> /ldtio 1• <br /> ray reply to: P. G.Box 632,Atlanta, Georgia 30ao <br /> Depairament ce t C Trea pv <br /> • <br /> • <br /> • Internal Revenue Service <br /> • Data: In reply color to: <br /> • NOV 1 2 1978 �/20 7201:CDt :3061( <br /> c The Art School. <br /> 150 E. Hain Street <br /> Carrboro7 N. C. 27510 <br /> Gentlemen: <br /> Based on information supplied, and assuming your operations will <br /> be as stated in your application for recognition of exemption, we <br /> have determined you are exempt, from Federal income tax under section <br /> 50l(c) (3) of the Internal Revenue Code. <br /> We have further determined you are not a private foundation within <br /> the meaning of section 509(a) of the Code, because you are an <br /> organization described in sections 4)(ii) and 509(a)(1) . <br /> You are not liable for social security (FICA) taxes unless you <br /> file a waiver of exemption certificate as provided in the• Federal <br /> Insurance Contributions Act. You are not liable for the taxes imposed <br /> under the Federal Unemployment Tax Act (FUTA) . <br /> Since you are not a private foundation, you are not subject to <br /> the excise taxes under Chapter 42 of the Code. However, you are not <br /> automatically exempt from other Federal excise taxes. If you have any <br /> questions about excise, employment, or other Federal taxes, please <br /> let us know. <br /> Donors may deduct contributions to you as provided in section <br /> 170 of the Code. Bequests, legacies, devises, transfers, or gifts to <br /> you or for your use are deductible for Federal estate and gift tax <br /> purposes if they meet the applicable provisions of sections 2055, <br /> 2106, and 2522 of the Code. <br /> If your purposes, character, or method of operat'.on is changed, <br /> please let us know so we can consider the effect of the change on <br /> your exempt status, A:so, you should inform as of all changes. in your <br /> name or address. <br /> (Oi.r) Form L-178(Rev.8-.73) <br />