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Monday, February 3, 2020

February is tax-filing time for US Optimist Clubs

Once per year, we remind Optimist Clubs in the United States of their filing responsibilities with the IRS.

This year, we must also remind your Optimist Club that in order to be in compliance with Optimist International Policy C-11, you must send a copy of your filing acknowledgment to Optimist International within 30 days of filing.

The IRS form 990-N (e-Postcard) is due on or before February 15.

To file, please have ready:
  1. Employer identification number (EIN), also known as a Taxpayer Identification Number (TIN).
  2. Tax year
  3. Legal name and mailing address
  4. Any other names the organization uses
  5. Name and address of a principal officer
  6. Web site address if the organization has one
  7. Confirmation that the organization’s annual gross receipts are $50,000 or less
  8. If applicable, a statement that the organization has terminated or is terminating (going out of business)
E-file is an option for tax-exempt organizations not required to file a long-form which includes nearly all Optimist Clubs except those managing large sums of money (over $50,000) or property.

Read more about the process here: Annual Electronic Filing Requirement for Small Exempt Organizations.

Log-in to file here: Form990-N Electronic Filing System e-Postcard.

The filing is free and is required in order to maintain tax-exempt status as an Optimist Club.

Clubs that have independent charitable trusts or foundations may have different filing requirements and we ask that you please contact your tax advisor for more information if your club falls into that category. Thank you.

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