|Tax-exempt PTAs are required to file an annual report with the
IRS. This is only an information return; it is not a tax return. 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 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.
For the July 1, 2012 – June 30, 2013 fiscal year:
Failure to file a 990N/990/990 EZ form on time may result in penalties of up to $20 per day, up to $10,000 or 5% of the PTA’s annual total income, whichever is less. Regardless of which form is to be filed, the PTA’s return for the 2012-2013 fiscal year is due no later than November 15, 2013. Each PTA should be sure to file an annual report every single year to avoid having its tax-exempt status revoked by the IRS. If you have any questions related to filing your IRS 990 form, please email firstname.lastname@example.org.