Insomnia Theater

DEDUCTING DONATIONS TO Insomnia Theater FROM US INCOME TAX

As of November 17, 2017 a not-for-profit corporation AUDIO ARTS FOUNDATION has been established to help support and promote Insomnia Theater and similar efforts. Audio Arts Foundation has applied for 501(c)(3) recognition from the US Internal Revenue Service, but until this is processed (it takes time) the IRS has stated that:

"When the IRS approves a timely filed exemption application, exempt status is recognized back to the date the organization was created. Thus, while an application is pending, the organization can treat itself as exempt from federal income tax under section 501(c)(3). " SEE https://www.irs.gov/charities-non-profits/charitable-organizations/contributions-to-organization-with-irs-application-pending

So, following the statement from the IRS, you may deduct any donations made after 11/17/2017 from your income tax.

 

 

 


Insomnia Theater comes to you from Chicago.


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