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National Law
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New IRS Regulation
The Internal Revenue Service (IRS) has a new filing requirement beginning in 2008. The requirement is short, easy and electronic, and is known as the e-Postcard.
Any District or Squadron that normally has annual gross receipts of $25,000 or less and doesn’t file Form 990 or 990-EZ must file Form 990-N (the e-Postcard). Most squadrons and/or districts do not have their own IRS 501(c)(3) tax-exempt status but rather are covered as subordinate units of the tax-exempt status held by USPS. However, as subordinate units they are individually required to file appropriate IRS tax forms.
If your District or Squadron fails to file the e-Postcard, it will have its tax-exempt status revoked by the IRS and must reapply for tax-exempt status and pay the required fines.
For guidance on the new filing requirement, read these Frequently Asked Questions compiled by the IRS or for complete details visit the IRS website at http://www.irs.gov/charities/article/0,,id=169250,00.html.
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