Yo, so on the bike collective wiki it says this:
There is one time *$500* fee when applying and applications can take up to five months before getting a response. The IRS seems to find something wrong with everyone's application, so don't be offended. After submiting your corrections/explanations you will receive your Employee Identification Number (EIN)http://www.bikecollectives.org/wiki/index.php?title=Employee_Identification_Number_%28EIN%29number.
and then it says this:
Estimated revenue of $10,000 or more per year, the fee to file te forms to the IRS is $750 any less and the fee is *$300. *
*Are we expected to pay $500 or $300?*
*the forms say nothing about a $500 fee, and my lawyer seems not to want to tell me which it is... any insight? thanks, we've finally finished our forms and are filing this week. *
*:-)*
$500 was the old rate. The wiki has been updated.
http://www.bikecollectives.org/wiki/index.php?title=IRS_Form_1023
participants (2)
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Jonathan Morrison -
maintenence collective