Clubs Don't Lose Your Tax Exempt Status

Clubs Don't Lose Your Tax Exempt Status Hot

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Adena Cook, BRC's Senior Policy Advisor, reminded us to re-blast a tax reminder we sent last month. As a long-time access advocate, Adena knows many local OHV and snowmobile clubs are tax-exempt. She said that the tax deadline is closer than you think and wanted us to remind you that ALL small clubs (but big enough for a non-profit incorporation w/ an EIN) in the country need to submit an IRS Form 990N by May 15. This may sound formidable, but it's very easy, however, it must be done electronically.  Go to:

Below is the alert we sent out in February for more information.


The latest email update from the American Council of Snowmobile Associations (ASCA) reminded us that tax-exempt organizations could lose their exempt status in 2010. Like ASCA, many BRC member clubs are tax exempt so we thought we would pass along the reminder.

A tax-exempt organization that does not file its required annual information Form 990 for three consecutive years will automatically lose its tax-exempt status. The end of 2009 marks the third year that the law has been in effect, and many tax-exempt organizations which failed to file during that period will have their tax-exempt status revoked this year.

Organizations that are expected to lose tax-exempt status this year are small tax-exempt organizations whose annual gross receipts are normally $25,000 or less, and who in the past were not required to file a Form 990.
An organization that fails to file required e-Postcards Form 990-N (or information returns - Forms 990 or 990-EZ) for 2007 and 2008, it is imperative that they submit Form 990-N for 2009, by May 15, 2010, or revocation may apply.

If an organization loses its exemption, it will have to reapply with the IRS in order to regain its tax-exempt status. Any income received between the revocation date and renewed exemption may be taxable.

Be sure your organization is up to date!!


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