South Carolina State Association of Letter Carriers

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TREASURER



 

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February 21, 2011

 

The following information is directly from our NALC website.  I encourage all members to stay informed

and look to the many resources available to keep themselves informed.  This particular notice outlined

below is one I think deserves particular attention.  Many Branches within our State haven’t been in compliance

with the following requirement in reporting to the IRS.  Up until now the IRS has been rather lax on this requirement,

but it does appear that is about to change.  The requirement isn’t onerous and is not particularly too time-consuming

but failing to file will likely result in onerous time-consuming and costly efforts to get the tax-exempt status re-established.

Our emphasis of our existence as a union is the representation of our membership but we must not overlook

the legal requirements that our Government imposes upon us so that we can exist.  Union rights, privileges and

tax-exempt status have been given us. Let us keep them.

 

 

Branches and state associations at risk of losing tax-exempt must file Form 990 with IRS by October 15
NALC branches and state associations that fail to satisfy annual filing requirements for three consecutive years (beginning in 2006) will

automatically lose their tax-exempt status. The IRS is providing one-time relief that will allow small exempt organizations to come back into compliance and

retain their tax-exempt status even though they failed to file during the first three consecutive years of this new requirement. If a branch or state association

loses its exemption, it will have to reapply to regain its tax-exempt status. Any income received between the revocation date and renewed exemption may be

taxable.  The one-time relief benefits both Form 990-N (e-Postcard) and Form 990-EZ filers only. Branches/state associations required to file Form 990 or

Form 990-PF are not eligible and are automatically revoked if they fail to file for three consecutive years.  The toll-free number you can call for account-related

information is 877-829-5500. They will be able to answer, confirm and provide specific filing information

 

Have a Happy President's Day Holiday,

David Kopp, Treasurer

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