| Return Reference | Explanation |
|---|---|
| Officer directors etc family relationship Part VI line 2 | Business Relationship |
| Form 990 governing body review Part VI line 11 | The Board of Directors review the Form 990. Upon approval, the return is filed with the IRS. |
| Conflict of interest policy compliance Part VI line 12c | The Organization discusses conflicts of interest and makes verbal disclosures at the board meetings. |
| Governing documents etc available to public Part VI line 19 | The Organization provides copies of governing documents and financial information upon request. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Rounding. |
| List of other fees for services expenses Part IX line 11g | Prefessional services provided to conduct programs and admin activity. |
| List of other expenses Part IX line 24e | Other Program, General and Administration, and Fundraising Epenses |
| General explanation attachment | Taxpayer is claiming a deduction for amounts required pursuant to Alaska state statute, to be used for specific purposes. Pursuant to Alaska statute 05.15.150, the authority to conduct charitable gaming activities is contingent upon the dedication of the net proceeds to awarding of prizes to contestants or participants and to educational or charitable uses in the state. Further, pursuant to Alaska statute 05.15.170, an organizations charitable gaming permit may be suspended or revoked for failure to comply with Alaska statute 05.15.150. The taxpayer believes that the required uses of the net proceeds are ordinary and necessary expenses within the meaning of IRC 162. The required uses of the net proceeds are ordinary and necessary business expenses insofar as they are required under Alaska law for retention of the charitable gaming permit. The permit is required under Alaska law in order to conduct the pull-tab and raffle activities. The required uses of the net proceeds are also in the nature of an annual recurring licensing expense. The taxpayer believes that the facts of its situation as stated above and supported by the Alaska statutes are very similar to the facts in South End Italian Independent Club v. Commissioner 87 T.C. 168. |
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