[OKDXA] Fw: Attention Club Officers

[Robert Redmon]

Hmmm. I don't think Obama was in office 3 years ago.

On 5/4/2010 3:27 PM, 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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>    
>
>
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-- 
73, Bob K5SM