Tax-exempt PTAs are
required to file an annual report with the IRS. The report for the fiscal
year must be filed by the November 15 following the end of your fiscal
year. The form that is used to file
the return (990-N, 990EZ, or 990) is determined by your PTA’s “normal” total
income. To determine your PTA’s
“normal” income for purposes of the fiscal year 2012-2013 return, average in
the previous two years’ income with the income your PTA received during the
2012-2013 fiscal year (July 1-June 30).
When determining which IRS tax return to file, deduct the membership
service fees sent to a council or WSPTA from total income, and report total
income in the same manner when completing the return. More information is in
WSPTA Money Matters located on your Leadership Packet USB drive or online (password and user name required and is
located on the cover pages of each of the leadership packet handbooks). If
you have additional questions, please email tvasbinder@wastatepta.org.
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