Abby sue recently became the treasurer of first point, Ask an Expert

Accounting

Abby Sue recently became the treasurer of First Point Church. The church has been in existence for three years and has never filed anything with the IRS.

a. Identify any reporting responsibilities that Abby Sue might have as church treasurer.

b. Would your answer in (a) change if First Point Church had been in existence for more than 10 years? Explain.

c. Would your answer in (a) change if First Point Church had reported some unrelated business income? Explain.

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Taxation, Accounting

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