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As an organization supporting education and extracurricular activities, such as Parent Teacher Associations (PTAs), Home Clubs, Athletic Boosters, and Band Boosters, you play an essential role in enriching the lives of children and students in your community. However, navigating the complex tax filing requirements for these organizations can be daunting. In this blog post, we will explore the various tax filing requirements for PTAs, Home Clubs, Athletic and Band Boosters at both the federal and state level (focusing on California) and explain how using 990.tax can make the process seamless and stress-free.
All organizations supporting education, such as PTAs, Home Clubs, Athletic and Band Boosters, are required to file an annual information return with the IRS. Depending on your organization's gross receipts, you will need to file either Form 990-N (e-Postcard) or Form 990-EZ.
Form 990-N (e-Postcard): Organizations with annual gross receipts of $50,000 or less are eligible to file Form 990-N. This is a simple electronic filing that requires basic information about the organization, such as its address, tax identification number, and confirmation of its gross receipts.
Form 990-EZ: Organizations with annual gross receipts between $50,000 and $200,000, and total assets less than $500,000, must file Form 990-EZ. This form is more detailed than the 990-N and requires information on the organization's financial activities, governance, and operations.
Organizations in California, such as PTAs, Home Clubs, Athletic and Band Boosters, must file additional forms with the state government. The most common forms are the CA FTB 199 and FTB 199N.
CA FTB 199: Organizations with gross receipts over $50,000 must file Form 199 with the California Franchise Tax Board. This form requires financial information similar to the federal Form 990-EZ.
CA FTB 199N: Organizations with gross receipts of $50,000 or less can file Form 199N, which is the state equivalent of the federal 990-N e-Postcard.
Organizations in California must also file a registration renewal with the California Department of Justice. This renewal process involves filing the Annual Registration Renewal Fee Report (RRF-1) and submitting the appropriate filing fee. Organizations with annual revenue under $50,000 must also file the CT-TR-1 treasurer’s report, and organizations with annual revenue above $50,000 must submit a copy of their federal Form 990 or 990-EZ to the California Attorney General's Registry of Charitable Trusts.
It is crucial to be aware of the deadlines for filing tax forms. The federal Form 990-N or 990-EZ must be filed by the 15th day of the 5th month following the end of your organization's fiscal year. For California state filings, Form 199 or 199N, as well as RRF-1 and CT-TR-1 must be submitted by the same deadline.
Navigating the numerous tax filing requirements for PTAs, Home Clubs, Athletic and Band Boosters can be time-consuming and complicated. At 990.tax, we understand the unique needs of these organizations and have designed our service to make tax filing easier for non-profits. Here's why 990.tax is the best tool for your organization:
Simplified Process: Our platform streamlines the tax filing process by guiding you through each required form, ensuring you file the correct documents.
Expert Support: Our team of professionals is available to answer your questions and provide guidance, making the tax filing process less intimidating.
Compliance Assurance: Stay compliant with federal and state regulations by using our service, which automatically updates to reflect any changes in tax laws.
Tailored for Your Organization: 990.tax caters to the specific needs of PTAs, Home Clubs, Athletic and Band Boosters, offering a solution designed with your organization in mind.
Time-Saving: Our user-friendly platform saves you valuable time, allowing you to focus on your core mission of supporting education and extracurricular activities.
Secure and Reliable: We prioritize the security of your sensitive financial data, using state-of-the-art encryption and data protection methods to ensure your information is safe.
In conclusion, tax filing for PTAs, Home Clubs, Athletic and Band Boosters doesn't have to be a headache. With 990.tax, you can navigate federal and California state requirements with ease, ensuring your organization remains compliant and can continue its important work in the community. Choose 990.tax for a simplified, stress-free tax filing experience tailored to the unique needs of your organization.