IRS website offers tax information for social clubs. (Government Watch).In a section of their website dedicated to social clubs, The Internal Revenue Service (IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. ) has posted the information and forms that a social club needs in order to remain in compliance and not lose their tax-exempt tax-ex·empt adj. 1. Not subject to taxation, as the capital or income of a philanthropic organization. 2. Producing interest that is exempt from income tax: tax-exempt bonds. n. status. The site contains: A brief description of the requirements for exemption under IRC (Internet Relay Chat) Computer conferencing on the Internet. There are hundreds of IRC channels on numerous subjects that are hosted on IRC servers around the world. After joining a channel, your messages are broadcast to everyone listening to that channel. 501(c)(7); procedures for applying for exemption under IRC section 501(c); a brief description of the annual filing requirements for tax-exempt organizations; a general description of the unrelated business income tax Unrelated Business Income Tax (UBIT) in the U.S. Internal Revenue Code is the tax on unrelated business income, which comes from an activity engaged in by a tax-exempt 26 USCA 501 organization that is not related to the tax-exempt purpose of that organization. requirements for tax-exempt organizations; unrelated business income tax rules applicable to organizations exempt under IRC section 501(c)(7) [Social Clubs] and IRC sections 501(c)(9) and 501(c)(17) [Employee Associations]; and a brief description of the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual notice requirements under IRC section 6113. Please visit www.irs.gov/charities/social/ index.html to access the IRS's website, or contact Henry Wallmeyer at wallmeyh@cmaa.org, (703) 739-9500. |
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