Washington Fire & Hose Co No 2 of Danville Pa

“There are many family relationships within the organization.”

“The fire company has 3 levels of membership. They are”

“Active fire fighters, active members & social members.”

“The active fire fighters and active members vote to”

“Elect the companys board membership.”

“Any decisions made by the board that involve a large”

“Investment or policies and procedures are voted”

“Upon by the active membership of the fire company.”

“The governing body and any commitees hold a monthly”

“MEETING.”

“There is a written record of the organizations”

“Activities since the last meeting and any actions”

“MADE OR PLANNED.”

“A copy of the return is placed in the offce for”

“Availability. The return is not filed until one”

“Week after made available for review.”

“The company has a monthly meeting, at these meetings”

“Any conflicts would be brought to the attention of”

“The membership and if any action such as a change in”

“Duties would be decided and performed.”

“The organization is run by non compensated volunteers.”

“There are few key employees. For those employees, the”

“Officers involved in the job placement decisions”

“Would hire an individual based on the industries”

“Standards and the individuals experience.”

“All of the governing documents and financial info”

“Is kept in the fire companys office. Any member”

“Of the public that wishes to see any of the documents”

“Must make a request to the board. The board will then”

“Make arrangements 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) WASHINGTON FIRE & HOSE CO NO 2 OF DANVILLE PA hereby adopts for book and Federal income tax purposes the following policy regarding capitalization expenses for the year beginning January 1, 2020. In accordance with Internal Revenue Code Sections 167 and 168 and related Regulations WASHINGTON FIRE & HOSE CO NO 2 OF DANVILLE PA 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.”

“Bank Charges 64. 64. 0. 0.”

“Janitorial 1807. 1807. 0. 0.”

“Fire Fighting Equipment 2555. 2555. 0. 0.”

“Utilities 18511. 18511. 0. 0.”

“Linen 2474. 2474. 0. 0.”

“Refund Expense 156. 156. 0. 0.”

“Permit & Licenses 1698. 1698. 0. 0.”

“Pest Control 793. 793. 0. 0.”

“Repairs & Maintenance 14488. 14488. 0. 0.”

“Supplies 4506. 4506. 0. 0.”

“Trash Removal 1800. 1800. 0. 0.”

“Truck Expense 388. 388. 0. 0.”