cpabsd Posted May 8, 2014 Report Share Posted May 8, 2014 I have a client that the IRS reclassified this past year as a "social sports group." What tax return would be required for such an entity? It appears to me they are a 501 c 7 organization. Their annual receipts for 2013 were $1805. Any help appreciated. The IRS website says they are not eligible for the Form 990-N. Thanks!! Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted May 8, 2014 Report Share Posted May 8, 2014 A 501(c )(7) club is exempt from federal tax; however, donations to the Club are not tax-deductible. I do think the 990-N is the proper form, but perhaps the 990-T?. Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted May 8, 2014 Report Share Posted May 8, 2014 If they are eligible, file the 990 e-postcard. Otherwise, file 990-EZ. I am the treasurer for a 501-c-7, which is eligible to file the 990 e-postcard. 1 Quote Link to comment Share on other sites More sharing options...
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