Odd Fellows Cemetary Co

“The key employee operates a business that provides services”

“To the same customer base as the organization.”

“The organizations existing board members have the power”

“To appoint new board members as needed.”

“The board of directors meet monthly to discuss any business”

“That occured since the prior meeting and any actions”

“Made or planned. Minutes are taken at the meetings.”

“When the board appoints a special committee that group”

“Documents the minutes for their meetings.”

“The board is notified at the time the return is complete.”

“The return is submitted after it has been available for”

“A weeks time. It is then discussed in more depth at the”

“First monthly meeting after the filing.”

“The employment decisions are made by the board of directors.”

“They make the decision to hire based on the individuals”

“Qualifications. Thier salary would be set based on”

“Industry standards and the individuals experience.”

“All of the governing documents and financial information”

“Are kept either at the cemetary office or the treasurers”

“Office. Should any member of the public wish to see the”

“Documents of public record, they may make a request to”

“The board. Arrangements would then be made with the”

“Individual or individuals to view the documentation.”

“The taxpayer elects to make the de minimis safe harbor election under the Regulation 1.263(a)-1(f)”

“The taxpayer elects to make the safe harbor for small taxpayers election under the Regulation 1.263(a)-3(h) ODD FELLOWS CEMETARY CO MONTOUR CO hereby adopts for book and Federal income tax purposes the following policy regarding capitalization expenses for the year beginning January 1, 2024. In accordance with Internal Revenue Code Sections 167 and 168 and related Regulations ODD FELLOWS CEMETARY CO MONTOUR CO has determined that amounts whose individual cost (including tax, installation and delivery costs) does not exceed $2500 will be deducted as incurred as operating expense. Amounts exceeding this dollar limit will be examined individually to determine if their use or purpose requires capitalization under the betterment, adaptation or restoration rules used by the Internal Revenue Service and will be capitalized or expensed as incurred as a result of the application of those rules.”

“OFFICE EXPENSE 457.”

“BANK FEES 24.”

“INSURANCE 7772.”

“Computer & web maintenance 1548.”

“ADVERTISING 3097.”

“Markers, name plates & stones 5661.”

“Equip & vehicle maintenance 1001.”

“PAYROLL TAXES 3774.”

“CUSTOMER REFUND 1850.”

“Depreciation 7259.”

“Leasehold improvements (net depr) 5202. 16735.”

“Trucks & equipment (net depr) 941. 0.”

“New columbarium (net depr) 17086. 12204.”

“Payroll taxes payable 1209. 1241.”