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7 <br />-3- <br />Re: Orange County Small <br />Business Loan Company <br />charged when a return is filed late, unless there is reasonable cause for the delay. The <br />maximum penalty charged cannot exceed $10,000 or 5 percent of your gross receipts for the <br />year, whichever is less. For organizations with gross receipts exceeding $1,000,000 in any <br />year, the penalty is $100 per day per return, unless there is reasonable cause for the delay. The <br />maximum penalty for an organization with gross receipts exceeding $1,000,000 shall not <br />exceed $50,000. This penalty may also be charged if a return is not complete, so please be <br />sure your return is complete before you file it. Form 990 should be filed with the Ogden Service <br />Center, Ogden, UT 84201-0027. <br />Yoq are required to make your Form 990 available for public inspection for three years <br />after the later of the due date of the return or the date the return is filed. You are also required <br />to make available for public inspection your exemption application, any supporting documents, <br />and this exemption letter. Copies of these documents must be provided to any individual upon <br />written or in person request without charge other than reasonable fees for copying and postage. <br />You may fulfill this requirement by placing these documents on the Internet. Penalties may be <br />imposed for failure to comply with these requirements. Additional information is available in <br />Publication 557, Tax-Exempt Status for Your Organization, or you may call our toll free number <br />shown above. <br />You are not required to file federal income tax retums unless you are subject to the tax on <br />unrelated business income under section 511 of the Code. If you are subject to'this tax, you <br />must file an~income tax return on Form 990-T, Exempt Organization Business income Tax <br />Return. In this letter we are not determining whether any of your present or proposed activities <br />are unrelated trade or business as defined in section 513 of the Code. <br />Please use the employer identification number indicated in the heading of this letter on all <br />returns you file and in all correspondence with the Internal Revenue Service. Because this <br />letter could help resolve any questions about your exempt, status, you should keep it in your <br />permanent records. If you have any questions about this letter, or about filing requirements, <br />excise, employment, or other federal taxes, please contact the Ohio TE/GE Customer Service <br />office at 877-829-5500 (a toll free number) or correspond with that office using the address <br />indicated above. <br />Sincerely, <br />~~ <br />Joseph Chasin <br />Acting Manager, <br />Exempt Organizations <br />Technical Group 2 <br />