Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| General explanation attachment | SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION: THE COMPANY (NORTHWEST AUTOMOTIVE PRESS ASSOC, FEIN:91-1466642) HEREBY ADOPTS FOR BOOK AND FEDERAL/STATE INCOME TAX PURPOSES THE FOLLOWING POLICY REGARDING CAPITALIZATION EXPENSES FOR THE YEAR BEGINNING JANUARY 1, 2017. IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTIONS 167 AND 168 AND RELATED REGULATIONS 1.263(A)-1(F), THE COMPANY (NORTHWEST AUTOMOTIVE PRESS ASSOC) HAS DETERMINED THAT AMOUNTS WHOSE INDIVIDUAL COST (INCLUDING TAX, INSTALLATION AND DELIVERY COSTS) DOES NOT EXCEED $ 2,500 WILL BE DEDUCTED AS INCURRED AS AN OPERATING EXPENSE. AMOUNTS EXCEEDING THIS DOLLAR LIMIT WILL BE EXAMINED INDIVIDUALLY TO DETERMINE IF THEIR USE OR PURPOSE REQUIRES CAPITALIZATION UNDER BETTERMENT, ADAPTATION OR RESTORATION RULES USED BY THE IRS |
| Description of other expenses Part I line 16 | DESCRIPTION AMOUNTMEMBERSHIP EXPENSES 5,533MERCHANT SERVICES 233DEPRECIATION EXP 200POSTAGE 254INSURANCE 1,078OFFICE SUPPLIES 1,341TELECOMUNICATIONS 15DIRECT PROGRAM EXPENSES 2,576 |
| Description of other assets Part II line 24 | CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS RECEIVABLE 2,850 0FIXED ASSETS 200 0PAYPAL RECEIPTS 0 250 |
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