[QCWA Hotlist] Filing IRS Tax forms

[Larry McCalvy]

Hi Rick,

To eliminate the need for a Employer Identification Number (federal EIN)for
your chapter, I would use your Social Security Number on the checking
account. With the very low rates banks pay on checking accounts, you would
be hard press to earn more than ten or fifteen cents per year on that
account. No need to file a 990N.

73,

Larry McCalvy, WA9JMO

On Wed, Jan 20, 2016 at 1:04 PM, Rick Brown via QCWAHotlist <
qcwahotlist at mailman.qth.net> wrote:

> I took over as the Sec/Treasurer for my local chapter last year.  I had
> get a new Tax ID to open a bank account as our old one had expired.  I was
> told that if tax were not reported for three consecutive years that the Tax
> ID number would no longer be valid.  Not really a big deal as the bank
> account is already opened and I don't expect to open a new one soon.  So
> now I would like to file or report a tax report.  From my reading I was
> under the impression that I could file a form 990-N, however this can not
> be filed without a tax exempt letter from the IRS.  From my readings, our
> chapter meets the IRS 501(c)(7) requirements for a social club and has
> income under $5000.  But, to get the status letter I have to fill out a
> form 1023 and send $400 along with another form.  Our chapter can not
> afford the $400 fee.
> So what I would like to know, does any chapter have a member you can
> advise me on how to go about staying legal for tax filings for a local
> chapter.
> Rick BrownQCWA
> Old Dominion Chapter 202Sec/Treasurer
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