[Hidden-tech] Getting a TIN for a small club - ramifications

Edbride-PR Ed at edbride-pr.com
Tue May 1 17:51:35 EDT 2012


The TIN should be a piece of cake to set up. You can do it online with the 
Massachusetts Secretary of the Commonwealth's website. You can form-up as a 
non-profit, and while this might satisfy your bank it is not the same thing 
as qualifying for the I.R.S.' 501c3 not-for-profit organization. The 
Massachusetts TIN is the necessary first step; that is, you need to be 
established in a state before going Federal. The I.R.S. form is the next 
step.

I have done both of these without the help of a laywer.

But either way, you're going to need to file a tax return annually. Sounds 
like your prospective group/club is small, so you can probably just e-file 
the equivalent of a post-card. Thousands upon thousands of 501c3 
organizations have had their tax-exempt status revoked as a result of their 
not filing their tax returns for 3 consecutive years.

Ed


----- Original Message ----- 
From: "Don Lesser" <dlesser at ptraining.com>
To: "'David Korpiewski'" <davidk at cs.umass.edu>; "'email list Hidden-Tech'" 
<Hidden-discuss at lists.hidden-tech.net>
Sent: Tuesday, May 01, 2012 3:46 PM
Subject: Re: [Hidden-tech] Getting a TIN for a small club - ramifications


>   ** Be sure to fill out the survey/skills inventory in the member's area.
>   ** If you did, we all thank you.
>
>
> Back in the 80's, the Pioneer Valley PC User's Group went through becoming 
> a
> non-profit corporation. It ended up being a quick yearly form to complete
> and a $100 registration fee. It was a PIA to set up, however, and it took 
> a
> lawyer to assist.
>
> Don Lesser
> Pioneer Training, Inc.
> 139B Damon Road, Ste 8
> Northampton, MA 01060
> (413) 387-1040
> (413) 586-0545 (fax)
> dlesser at ptraining.com
> www.ptraining.com
>
> -----Original Message-----
> From: hidden-discuss-bounces at lists.hidden-tech.net
> [mailto:hidden-discuss-bounces at lists.hidden-tech.net] On Behalf Of David
> Korpiewski
> Sent: Tuesday, May 01, 2012 9:40 AM
> To: email list Hidden-Tech
> Subject: [Hidden-tech] Getting a TIN for a small club - ramifications
>
>   ** Be sure to fill out the survey/skills inventory in the member's area.
>   ** If you did, we all thank you.
>
>
> I've been having a terrible time finding information for what are the
> repercussions to getting a TIN - Taxpayer ID Number for a small club.
> I am president of a model airplane club up in Turners.  We've been around
> for 35 years and in all this time have maintained a bank account with just 
> a
> couple thousand in it.  Unfortunately due to changes in banking laws, I 
> was
> told that we must have a taxpayer ID number attached to the bank accounts.
>
> So my question is this:  I was told by an accountant that I'll have to get 
> a
> Form 990 and file for non-profit status, and then have to file a
> Schedule A every year.   Is there some way around this OTHER THAN
> ATTACHING MY OWN SS# TO IT so that I can get a TIN and not have to file
> taxes?   I don't want to accrue the accountant fee and the filing fees
> and the time to prepare it every year.
>
> What are other clubs you belong to doing?
>
> Thanks
> David
>
>
>
>
> --
> -----------------------------------------
> David Korpiewski
> Software Specialist I
> Department of Computer Science
> University of Massachusetts
> Phone: 413-545-4319
> Cell: 413-695-2191
> Skype: ayrobotech
> -----------------------------------------
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