IRS and Rotary Clubs

Rotary Clubs are required to file annual information returns with the IRS.

Any questions that you (as the preparer for your clubs return) may have in regard to preparing and submitting the information return can most likely be found on the IRS website as it contains detailed information for preparing and submitting the annual information return.

But here are a few highlights from the instructions:

• Form 990-EZ is filed if gross receipts are less than $200,000 and total assets at the end of the year less than $500,000.  If receipts are normally less than $50,000, submit Form 990-N, Electronic Notice (e-Postcard).
• For those clubs with gross receipts greater than or equal to $200,000 or total assets greater than or equal to $500,000 at the end of the tax year, Form 990 is required.
• The information returns are due 5 months after year end but an extension to file can be obtained.  Form 8868, Application for Extension of Time to File an Exempt Organization Return, is used to request an automatic 3 month extension of time to file.  If this is not enough time, use the same form to request   additional time but you must show reasonable cause for the additional time requested.  The second extension is an additional 3-month extension.

Additional information can be found on the US Treasury website at: www.irs.gov/eo, or call the toll-free number: (877) 829-5500.

For additional questions, please contact the District Governor or a tax professional in your club or community.