Next month PSSA clubs will receive new information from the IRS.  Please be sure to check your post office box.

In the past, clubs that had less than $25,000. annual gross income were exempt from filing a tax return (Form 990).  But starting in 2008, the IRS will require all small nonprofit organizations that were previously exempt from filing an annual 990 or 990EZ return, to complete an online E-postcard called a 990-N.  There will be no paper option. 

The IRS will begin mailing information to organizations in July, and they’ve advised that organizations failing to meeting filing requirements for 3 years will have their nonprofit status revoked.

Finally, if you’re an adventuresome sort, and the initials “I.R.S.” don’t make the hair stand up on the back of your neck, you may want to check the new IRS homepage for charities and nonprofits at www.irs.gov/charities  and even subscribe to their nonprofit e-newsletter.