Are Affiliated Organizations required to file reports with the Internal Revenue Service?
YES. Affiliated Organizations have an obligation to file the Annual Information Return, Form 990 when gross receipts in their tax year exceed $25,000. Gross receipts can also be called revenue, income, or all monies received. The Amateur Athletic Union of the US, Inc. strongly recommends that Affiliated Organization file a Form 990EZ every year. If the gross receipts are less than $25,000, simply complete questions “A -K” sign and mail the return. Even if your receipts are less than $25,000 each year, your should file a Form 990EZ with the IRS. This will reduce your possible tax liabilities in future years if something goes wrong. It also provides a good record for you of your annual activities.
