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Thursday, February 11, 2021

File the IRS Form 990 by February 15

Here is your annual reminder.
It's time for all US Optimist Clubs to file Form 990 to the IRS. The form is due February 15. The filing is simple. All you need are the following:

  • Employer identification number (EIN), also known as a Taxpayer Identification Number (TIN).
  • Tax year
  • Legal name and mailing address
  • Any other names the organization uses
  • Name and address of a principal officer
  • Web site address if the organization has one
  • Confirmation that the organization’s annual gross receipts are $50,000 or less
  • 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. Please consult an accountant or tax preparer if you are uncertain if this applies to your Optimist club.

Complete instructions and log-in filing information can be found here. Form990-N Electronic Filing System e-Postcard. It is free to file and required in order to maintain your tax-exempt status as an Optimist Club.

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