To small nonprofits clubs out there:
Remember the May 15 deadline for newly required IRS reporting. Lions Clubs, Boys Scouts, American Legions, etc. are affected. A simple 990 N Form, available at irs.gov, ensures that receipts remain non-taxable. Ideally, your organization received IRS notification three years ago and got on track with the filing requirement at that time. If otherwise, scramble now! The filing takes around 30 minutes.
- Amanda Bechen, CPA and Tax Manager with Ketel Thorstenson, LLP
