| Return Reference | Explanation |
|---|---|
| Other | Page 12 Part XII Accounting method was erroneously reported as Cash on prior year filing. Accurately reported as Accrual on this years filing. |
| Pt IV | Line 34 - To Live owns the shares of a foreign company which is neither taxable nor tax-exempt in the United States. Accordingly, the organization has answered Question 34 in the negative and has not filled in Part II or IV of Schedule R. |
| Pt IV | Line 34 - Further, To Live has provided the financials of the controlled organization in the Form 5471 and attachments. To ensure transparency, here is the information that would have been provided had Part IV of Schedule R been filled out: Entity Name: Damour Inc. Address: Columbia Center, Road Town, Tortolla, VG 1110, British Virgin Islands. BVI Company Domicile: British Virgin Islands. Direct Controlling Entity: To Live. Type of Entity: BVI Business Company. Share of total income is 100% of year-end assets, 100% ownership. Sec 512(B) (13). To Live controls Damour Inc. within the meaning of 512(B) (13) (D). |
| Pt VI, Line 1a | The Chairperson has the authority to define the will of the board if consensus cannot be reached after a good-faith effort. However, in the history of the organization, the board has never failed to reach consensus. |
| Pt VI, Line 2 | Kathleen Guy and Ernest Loevinsohn have family and business relationships. Ernest Loevinsohn and Benjamin Loevinsohn have a family relationship. |
| Other | Pt VI, Line 9 - Benjamin Loevinsohn, 39A Chemin des Vignes, 1299 Crans Pres Celigny, Switzerland |
| Pt VI, Line 12c | To Live Bylaws require the disclosure of any actual or possible conflicts of interest. The organzation has interpreted this to mean the actual or potential conflicts must be disclosed as soon as they arise. The conflict of interest policy covers all directors and officers as well as any other person who is a disqualified person as defined by relevant Internal Revenue Code provisions and IRS regulations. The board reviews any possible conflicts, except that an interested person may not be present for the discussion or decision. |
| Pt VI, Line 15a | Also Line 15b - The organzations top management official (CEO) worked as a volunteer and did not receive compensation. The same is true of the other officers. |
| Pt VIII | Line 3 - 26 USC Sec 951 requires the organization to report on its return the Subpart F income from a Controlled Foreign Corporation. Accordingly, we have shown on this line the Subpart F income rather than the dividend income. |
| Pt VI, Line 11b | The Chair reviewed the form and sent the draft form along with his comments to the other board members. |
| Pt VI, Line 19 | The Articles of Incorporation, Bylaws including conflict of interest policy, and financial statements of the organization were available upon request. |
| Pt VI, Line 8b | There are no such committees. |
| Form 990, Part VI, Line 9 | Benjamin Loevinsohn 39A Chemin des Vignes Crans Pres Celigny OC 1299 |
| Software ID: | 23017509 |
| Software Version: |