International Association of Firefighters Local 863

“There were no liabilities recorded for uncertain tax posisitions.”

“Rent reported on form 990-t”

“Rental expense reported on 990-t”

“The association is a not-for-profit organization that is exempt from income taxes under section 501(c)(5) of the internal revenue code and comparable state law, except for amounts representing unrelated business income. The association accounts for and pays income taxes on unrelated business income, essentially for accounting results related to net rental income which are included in the accompanying financial statements. As there was no material net income from unrelated business activities, no provision for income tax has been included in the financial statements for the year ended december 31, 2023. The income taxes topic of the fasb asc prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. At december 31, 2023, there were no unrecognized tax benefits. The association does not believe there will be any material changes in their unrecognized tax benefits over the next year. If it is probable that an uncertain tax position will result in a material liability and the amount of the liability can be estimated, then the estimated liability is accrued. If the association were to incur any income tax liability in the future, interest on any income tax liability would be reported as interest expense, and penalties on any income tax would be reported as income taxes. The federal and state information returns of the association for 2023, 2022 and 2021 are subject to examination, generally for three years after they are filed.”

“AVAILABLE UPON REQUEST”