The IRS has made changes in the filing requirements for small Tax-Exempt entities that will effect many Ohio District Kiwanis Clubs. The changes were the result of the Pension Reform Act of 2006. Historically non-profit organizations with revenues not exceeding $25,000 have not filed tax returns with the Internal Revenue Service. The new requirements apply to tax periods beginning after December 31, 2006. What this means for Kiwanis Clubs is that it would apply to your tax year ending September 30, 2008.

The IRS has made changes in the filing requirements for small Tax-Exempt entities that will effect many Ohio District Kiwanis Clubs. The changes were the result of the Pension Reform Act of 2006. Historically non-profit organizations with revenues not exceeding $25,000 have not filed tax returns with the Internal Revenue Service. The new requirements apply to tax periods beginning after December 31, 2006. What this means for Kiwanis Clubs is that it would apply to your tax year ending September 30, 2008.

A new form (990-N) will be required beginning with the tax year ending September 30, 2008, if your club is not required to file a regular Form 990 due to annual revenues. The 990-N must be filed electronically. You can obtain additional information about the new 990-N by clicking on the following link: http://www.irs.gov/charities/article/0,,id=169250,00.html

Please note that an organization that fails to file required 990-N (or information returns – Forms 990 or 990-EZ) for three consecutive years will automatically lose its tax-exempt status. The revocation of the organization’s tax-exempt status will not take place until the filing due date of the third year.

If your club is unable to find their IRS issued Employer Identification Number, please call the District Office at (888) 827-8196. We have a listing of the numbers for all but the newest clubs in the district.