[OKDXA] Fw: Attention Club Officers

[k5yaa at okdxa.org]

Ross et al:

Some yeras ago we looked at a 501 arrangement and at the time it was deemed too much effort / potential cost.  Therefore we haven't to worry with the filing etc.

K5YAA

<br><br><br>------- Original Message -------
On 5/4/2010  8:27 PM  wrote:<br>More Obama care stuff.  Sorry I have been out of the loop for a month or 
<br>so.
<br>Have been under the knife for skin cancer the last few months. Glad to 
<br>hear
<br>Judy is OK. Hope to make HamCom in July. Have a grandchile due in a few
<br>weeks in Dallas.. Anyhow, what's with thie exemption status thing, Do we 
<br>need
<br>to take action? I have a CPA that's a friend and past student of ours. 
<br>Let's have
<br>some discussion on this topic please.
<br>
<br>K5RH
<br>
<br>
<br>
<br>
<br>----- Forwarded by Ross Hunt/BusServ/tcc on 05/04/2010 03:18 PM -----
<br>
<br>"ARRL Members Only Web site" <memberlist at www.arrl.org> 
<br>05/04/2010 05:10 AM
<br>
<br>To
<br>rhunt at tulsacc.edu
<br>cc
<br>
<br>Subject
<br>Attention Club Officers
<br>
<br>
<br>
<br>
<br>
<br>
<br>---Urgent Message to All Radio Clubs---
<br>
<br>Changes made three years ago to the federal tax laws could cause many
<br>radio clubs to lose their tax-exempt status this year.  To protect
<br>themselves, clubs that are tax-exempt under Section 501(c) of the
<br>Internal Revenue Code must file the required IRS annual returns or
<br>reports before the deadline, which is May 15 for those with calendar
<br>years.
<br>
<br>Many clubs have, at some time in the past, applied for tax-exempt
<br>status under Section 501(c)(3) [charitable organizations], Section
<br>501(c)(4) [civic leagues] or Section 501(c)(7) [recreational clubs]. 
<br>Years ago, any club with gross receipts averaging less than $25,000 per
<br>year was not required to file annual returns with the IRS.  However,
<br>after 2006, such clubs had to file a Form 990-N, a simple ?electronic
<br>postcard? with minimal information, by the fifteenth day of the fifth
<br>month after the close of each fiscal year.  Some clubs may not have
<br>been aware of this new requirement or didn?t bother to comply.  Even
<br>those that filed in a prior year may have neglected to keep up with the
<br>required filings as officers changed from year to year.
<br>
<br>Section 6033(j) of the Code provides that failure to file Form 990,
<br>990-EZ or 990-N for three consecutive years results in revocation of
<br>tax-exempt status as of the filing due date for he third return.  That
<br>filing date for calendar year 2009 is less than two weeks away.  If you
<br>are a club officer and are uncertain who is responsible for IRS filings
<br>or whether such filings are current, you should determine your fling
<br>status as soon as possible and take immediate steps to file the current
<br>and any missed prior-year IRS forms.  Going forward, your club?s board
<br>should assign the responsibility for compliance filings with a
<br>designated officer and document that responsibility in the written
<br>?job description? for the position so that subsequent holders of
<br>the office are made aware of the requirements.  If you have questions
<br>about your club?s status, you may wish to consult a CPA or other tax
<br>advisor.
<br>
<br>Expect to see a notice about this issue on the web site soon.  Please
<br>file the appropriate type Form 990 soon.  Keep your club's 501 (c)
<br>status intact.
<br>
<br>--------------------------------------------------------------------
<br>ARRL West Gulf Division
<br>Director: David A Woolweaver, K5RAV
<br>k5rav at arrl.org
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