IRS Filing Requirements
Beginning in 2008, some organizations in the United States that had not previously been required to file tax returns with the Internal Revenue Service (IRS) - including many Kiwanis clubs - now have to file an electronic postcard Form 990-N.
Small, tax-exempt organizations whose gross receipts normally are $25,000 or less are not required to file IRS forms 990 or 990-EZ. But the Pension Protection Act of 2006 requires these organizations to file the new electronic form annually. Failure to file for three consecutive years could result in revocation of the organization's tax-exempt status.
The standard information the IRS will require when filing the electronic Form 990-N is the name of your Kiwanis club, mailing address, Web site address (if applicable), employer identification number (EIN), annual tax period date, and a statement that annual gross receipts are still normally $25,000 or less.
Because Kiwanis International operates on a fiscal year of Oct. 1 to Sept. 30, the first filing was for the tax period that began Oct. 1, 2007, and ended Sept. 30, 2008, with a filing due date of Feb. 15, 2009.
Many Kiwanis clubs may receive a notice from the IRS regarding the requirement. If your club hasn't been notified, refer to the IRS Web site to see if the new rule applies to your club.