| Tax
Forms Questions & Answers |
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Click on a question below
to link to its respective answer. |
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| Questions — | |
| When does our PTA have to file a Form 990EZ? | |
| Q: | Do all PTA units end their fiscal year 6/30? |
| Q: | What happens if the tax forms are not filed timely? |
| Q: | Are membership dues included in the gross income? |
| How is the average gross income determined, if due to lack of proper procedures and lack of paperwork, a unit cannot determine their gross receipts for several years? | |
| Download IRS 990 & 990-EZ Instructions & Form | |
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Information for Filing IRS 990 & 990EZ Forms |
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Instructions for IRS 990-EZ Tax Form (PDF Format) |
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IRS 990-EZ Tax Form - Short Form (PDF Format) |
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IRS 990 Tax Form - Regular Form (PDF Format) |
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| Questions & Answers — | |
| Q: | When does our PTA have to file a Form 990EZ? |
| A: | If your annual gross receipts average $25,000 or more (3 year average), you are required to file a Form 990(EZ) within 4-1/2 months after the end of your fiscal year. |
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| Q: | Do all PTA units end their fiscal year 6/30? |
| A: | No. Each unit decides when its fiscal year will be when chartered, and those dates are entered in the bylaws and recorded with the IRS. |
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| Q: | What happens if the tax forms are not filed timely? |
| A: | The PTA will receive a notice from the IRS and may be assessed penalties and interest for the late forms. Respond immediately to any notice requesting that the fine be waived. Contact your PTA district or Texas PTA for assistance in writing a letter of explanation. |
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| Q: | Are membership dues included in the gross income? |
| A: | As directed, the Texas State PTA and National PTA portions of the dues shall be forwarded through channels to the Texas State PTA without requiring specific authorization by the association. These portions of dues should not be recorded as part of the unit PTA's gross income. |
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| Q: | How is the average gross income determined, if due to lack of proper procedures and lack of paperwork, a unit cannot determine their gross receipts for several years? |
| A: | Bank
records show all deposits and expenditures. If you do not have all of
the bank statements for the years needed, then determine which bank statements
you are missing and request copies from the bank. You will probably have
to pay for this service. Total all income from bank statements for each
fiscal year to determine the average gross income. Remember, do not count Texas PTA and National PTA membership moneys as part of your gross income. |
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