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Why are you receiving notices from the IRS? |
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Written by Past District Governor Tyree Johnson
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Wednesday, 26 September 2007 |
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Why are US clubs receiving this notice from the IRS?
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| All US clubs are covered as subordinates under our 501(c)(3) group exemption and are required to have an EIN (Employee Identification Number). On an annual basis, as part of the requirement of maintaining our tax exempt status, Toastmasters International is required to file with the IRS a complete list of all US clubs, which includes their EIN and the contact name and address. We also indicate on the annual list to the IRS that each club is not required to file Form 990 (or Form 990-EZ). In the past, clubs would not receive any notices from the IRS.
However, due to the Pension Protection Act of 2006, our US clubs will now be subject to filing requirements as outlined in the "2008 Annual Electronic Notice Filing Requirement" as outlined in the letter sent by the IRS.
The letter received from the IRS is to inform the club that even though in the past the club was not required to communicate or file Form 990 (or Form 990-EZ), they will now have to file an annual electronic notice.The letter from the IRS outlines the information to be filed. The first annual notice will not be due until May 15, 2008. We are currently reviewing the filing process and will be communicating detailed guidelines for filing the return to all our US clubs.
At this time, there is no action required on the part of the club. Please watch our Web site (www.toastmasters.org) for updates on this new IRS requirement.
 Sample IRS Notice
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Sincerely,
Jane McPherson
Controller
Toastmasters International |
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Toastmasters International
23182 Arroyo Vista
Rancho Santa Margarita, California 92688
949-858-8255 |
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Best Regards,
Karen D. Williams
Account Analyst
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Phone: 949/858-8255 ext 202
FAX: 949/858-1207
www.toastmasters.org
PLEASE REMEMBER TO PUT YOUR CLUB AND DISTRICT NUMBER ON ALL E-MAILS.
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Last Updated ( Friday, 28 September 2007 )
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