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 Apr 27 2008 Tax Filing ReminderFor all RRCA members taking advantage of their nonprofit status through the RRCA group, May 15th is the filing deadline with the Internal Revenue Service. The fiscal year for all RRCA members taking advantage of our nonprofit status is January 1 through December 31st. The RRCA DOES NOT submit tax returns on behalf of any of its members. Filing tax returns with the IRS is the responsibility of each club or event.For organizations earning less than $25,000, as of 2008, you are required to file the annual electronic notice or e-Postcard Form 990-N. If filing a 990-N clubs or events will need to use their own EIN number when filing their e-form. If for some reason the system does not recognize your EIN and have you listed as a nonprofit organization, please email Eve at to let her know that the IRS does not have you listed with the RRCA group. Eve will update the records with the IRS as needed. Tax-exempt organizations earning over $25,000 must file a Form 990, which has changed substantially for tax year 2008. So review your completed form closely and have your board of directors approve the return before filing with the IRS. Even though an organization is recognized as tax-exempt, it still may be liable for tax on its unrelated business income (UBIT). An exempt organization that has $1,000 or more gross income from an unrelated business must file Form 990-T. You should also check with your state and local governments about any applicable tax filings as well. For detailed information about filing your tax forms with the IRS, visit http://www.IRS.gov. ###
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