Date: 02/17/2010 BLUERIBBON COALITION PARTNER UPDATE!
Dear BRC Action Alert Subscriber,
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!!
Thanks,
Ric Foster
Public Lands Department Manager
BlueRibbon Coalition
208-237-1008 ext 107
As a non-profit, grassroots organization funded primarily by membership dues and donations, we greatly appreciate your support. Visit http://www.sharetrails.org/make-a-difference-now to help fund our efforts to protect your trails!
Link
Dear BRC Action Alert Subscriber,
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!!
Thanks,
Ric Foster
Public Lands Department Manager
BlueRibbon Coalition
208-237-1008 ext 107
The BlueRibbon Coalition is a national (non-profit) trail-saving group that represents over 600,000 recreationists nationwide The Combined Federal Campaign (CFC) season is beginning. Federal employees, please mark BlueRibbon Coalition and Check #11402 on your CFC pledge form to support our efforts to protect your access. Join us at 1-800-258-3742 http://www.sharetrails.org
_______________________________________________________
_______________________________________________________
As a non-profit, grassroots organization funded primarily by membership dues and donations, we greatly appreciate your support. Visit http://www.sharetrails.org/make-a-difference-now to help fund our efforts to protect your trails!
Link