[OKDXA] Fw: Attention Club Officers

Tue May 4 23:21:03 EDT 2010

Dues aren't deductable, but donations (including gear) are.

It's really not that hard to keep up with the paperwork.

And this form you have to file every year is done online, but if printed it
is literally a postcard.

Jay
AD5PE 

-----Original Message-----
From: okdxa-bounces at mailman.qth.net [mailto:okdxa-bounces at mailman.qth.net]
On Behalf Of Jay Bromley
Sent: Tuesday, May 04, 2010 16:08
To: Discussion of OKDXA
Subject: Re: [OKDXA] Fw: Attention Club Officers

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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>>
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>
>
>
>
> --
> Peter Laws | N5UWY | plaws plaws net | Travel by Train!
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