Tag: IRS

The Revised IRS Form 990

The Internal Revenue Service (IRS) has issued the final version of the newly revised Form 990. All tax-exempt entities, including 501(c)(7) private clubs, must file this form as part of their annual tax filing starting in 2009 for the taxable year of 2008. Before finalizing

The New IRS Form 990 Requirements

Of the more than 25 types of corporations and trusts given a free pass on federal income taxation, we, private clubs, enjoy that benefit, assuming we meet the criteria established by the Internal Revenue Code. But, it comes with a price and it seems that