Seems like after we received a USFA grant of $144,000 for a tanker...the government has made business at our small town and poor department a little more difficult.
We are considered a Not-For-Profit Business entity in Indiana, and have a 501c3 Charitable Organization status with the IRS. We cook BBQ chicken twice a year to pay for hose, tools, etc and do the best we can. Our municipal town collects taxes from property owners and we have a budget of about $10,000 each year from that. So the town is good to us and at least helps provide fire protection the best they can. No complaints here.
But now, because our department received a grant since we can't afford trucks on our own, we must fill out the Form 990 long version tax return...which will require the help of a CPA. It frustrating because, even though we don't pay income taxes, we must report out our measly income information over a 20 page tax return from instead of our usual 2 page 990EZ form...just as if we were a multi million dollar corporation. But OK...if thats what the IRS wants...fine we'll do it. But even with the truck sitting here now...its not as if we've been propelled into the millionaires club. Were still cooking chicken to make ends meet.
Then to top it off...we get a letter from the Congress of the United States, House Small Business Committee telling us that we are considered a "large business" and that our grant incorrectly was given to such large business incorrectly. But this seems based on information after the fact.
So we were a small business before the grant...and are now a large business because of the grant...so the grant wrongly went to a large business???
They are telling us that we must "contact the relevant agencies and request that our "company" no longer be classified as a small business".
To top it off they didn't even get our grant amount right in the letter and have some contract reference number I've never seen. Looks fishy to me...yet it says Congress of the United States, B343C Rayburn House Office Building, Washington DC, 20515.
If were such a big business...why are we so poor?
Anyone else see this or anything else such as this related to receiving a grant?
We are considered a Not-For-Profit Business entity in Indiana, and have a 501c3 Charitable Organization status with the IRS. We cook BBQ chicken twice a year to pay for hose, tools, etc and do the best we can. Our municipal town collects taxes from property owners and we have a budget of about $10,000 each year from that. So the town is good to us and at least helps provide fire protection the best they can. No complaints here.
But now, because our department received a grant since we can't afford trucks on our own, we must fill out the Form 990 long version tax return...which will require the help of a CPA. It frustrating because, even though we don't pay income taxes, we must report out our measly income information over a 20 page tax return from instead of our usual 2 page 990EZ form...just as if we were a multi million dollar corporation. But OK...if thats what the IRS wants...fine we'll do it. But even with the truck sitting here now...its not as if we've been propelled into the millionaires club. Were still cooking chicken to make ends meet.
Then to top it off...we get a letter from the Congress of the United States, House Small Business Committee telling us that we are considered a "large business" and that our grant incorrectly was given to such large business incorrectly. But this seems based on information after the fact.
So we were a small business before the grant...and are now a large business because of the grant...so the grant wrongly went to a large business???
They are telling us that we must "contact the relevant agencies and request that our "company" no longer be classified as a small business".
To top it off they didn't even get our grant amount right in the letter and have some contract reference number I've never seen. Looks fishy to me...yet it says Congress of the United States, B343C Rayburn House Office Building, Washington DC, 20515.
If were such a big business...why are we so poor?
Anyone else see this or anything else such as this related to receiving a grant?
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