501(c)(3) Club Forum at NEAR-Fest, Oct. 14

NEAR-Fest General Chairman Mike Crestohl, W1RC writes:

Most radio clubs are set up as non-profit corporations but this does not mean that they are tax exempt under current IRS rules. Up until two years ago attaining TE status under section 501(c)(3) of the tax code was very involved and required a great deal of paperwork. However some very important changes were introduced in July 2014 that make it a great deal simpler for smaller organizations with less than $50,000.00 in annual gross revenues to qualify for tax exempt status with a minimal amount of paperwork.

NEAR-Fest is pleased to announce that a special forum on how to attain 501(c)(3) status for clubs and non-profit organizations. The forum will be presented by Lynn Baxter, W0LTB, CPA, and will focus on what is required for your club or organization to become a tax-exempt non-profit under the new rules and how to file a simple online annual report to maintain that status.

This means that under some circumstances amateur radio clubs can accept donations and issue receipts for tax purposes. There are many more benefits as well so this is an excellent opportunity to learn more about them.

Lynn’s forum will be held on Friday October 14th at 3:00 PM at NEAR-Fest in Deerfield NH. Clubs are invited to send one representative as seating is limited.

Hope to see you there.


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