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Form 8283 Anchorage Alaska: What You Should Know
All auctions of non-commercial items valued at 5,000 or less must be reported to the IRS as a “Nonprofit Organization”. Non-profit organizations do not have to file Form 990 nor do they need to file Form 990-PF. However, they will need to file the Form 990 by the tax year following the tax year during which the auction took place. All Non Profit Organizations, Charitable Organizations, and Non-Commercial Organizational Transactions must have a public policy statement, unless they are self-employed.
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