[OKDXA] Fw: Attention Club Officers

[Jay Bromley]

Hi Peter,
I think many clubs are 501/C3 or C7.  You can deduct donations,  I wouldn't
think dues would qualify.

However extra money and even equipment I think would, but they would have to 
write up a value for he equipment.  Gives club CPA's and attorney's a lot to 
keep up with.

73 de w5jay/jay..


> I fail to see what a tax regulation passed under Bush has to do with
> health care.
>
> What am I missing?  Is OKDXA a tax-exempt organization under
> 501(c)(3)?  If it is, can I count my dues as a tax-deductible
> contribution?
>
> Peter
> N5UWY
>
> On Tue, May 4, 2010 at 15:27,  <RHunt at tulsacc.edu> wrote:
>> More Obama care stuff.  Sorry I have been out of the loop for a month or
>> so.
>> Have been under the knife for skin cancer the last few months. Glad to
>> hear
>> Judy is OK. Hope to make HamCom in July. Have a grandchile due in a few
>> weeks in Dallas.. Anyhow, what's with thie exemption status thing, Do we
>> need
>> to take action? I have a CPA that's a friend and past student of ours.
>> Let's have
>> some discussion on this topic please.
>>
>> K5RH
>>
>>
>>
>>
>> ----- Forwarded by Ross Hunt/BusServ/tcc on 05/04/2010 03:18 PM -----
>>
>> "ARRL Members Only Web site" <memberlist at www.arrl.org>
>> 05/04/2010 05:10 AM
>>
>> To
>> rhunt at tulsacc.edu
>> cc
>>
>> Subject
>> Attention Club Officers
>>
>>
>>
>>
>>
>>
>> ---Urgent Message to All Radio Clubs---
>>
>> Changes made three years ago to the federal tax laws could cause many
>> radio clubs to lose their tax-exempt status this year.  To protect
>> themselves, clubs that are tax-exempt under Section 501(c) of the
>> Internal Revenue Code must file the required IRS annual returns or
>> reports before the deadline, which is May 15 for those with calendar
>> years.
>>
>> Many clubs have, at some time in the past, applied for tax-exempt
>> status under Section 501(c)(3) [charitable organizations], Section
>> 501(c)(4) [civic leagues] or Section 501(c)(7) [recreational clubs].
>> Years ago, any club with gross receipts averaging less than $25,000 per
>> year was not required to file annual returns with the IRS.  However,
>> after 2006, such clubs had to file a Form 990-N, a simple ?electronic
>> postcard? with minimal information, by the fifteenth day of the fifth
>> month after the close of each fiscal year.  Some clubs may not have
>> been aware of this new requirement or didn?t bother to comply.  Even
>> those that filed in a prior year may have neglected to keep up with the
>> required filings as officers changed from year to year.
>>
>> Section 6033(j) of the Code provides that failure to file Form 990,
>> 990-EZ or 990-N for three consecutive years results in revocation of
>> tax-exempt status as of the filing due date for he third return.  That
>> filing date for calendar year 2009 is less than two weeks away.  If you
>> are a club officer and are uncertain who is responsible for IRS filings
>> or whether such filings are current, you should determine your fling
>> status as soon as possible and take immediate steps to file the current
>> and any missed prior-year IRS forms.  Going forward, your club?s board
>> should assign the responsibility for compliance filings with a
>> designated officer and document that responsibility in the written
>> ?job description? for the position so that subsequent holders of
>> the office are made aware of the requirements.  If you have questions
>> about your club?s status, you may wish to consult a CPA or other tax
>> advisor.
>>
>> Expect to see a notice about this issue on the web site soon.  Please
>> file the appropriate type Form 990 soon.  Keep your club's 501 (c)
>> status intact.
>>
>> --------------------------------------------------------------------
>> ARRL West Gulf Division
>> Director: David A Woolweaver, K5RAV
>> k5rav at arrl.org
>> --------------------------------------------------------------------
>>
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>
>
>
>
> -- 
> Peter Laws | N5UWY | plaws plaws net | Travel by Train!
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