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 A TIN allows you to set up with business. You can register and possibly save money for the club  A TIN is also required to open an account for the.

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Presentation on theme: " A TIN allows you to set up with business. You can register and possibly save money for the club  A TIN is also required to open an account for the."— Presentation transcript:

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2  A TIN allows you to set up with business. You can register and possibly save money for the club  A TIN is also required to open an account for the chapter.  501(c)(3) is needed for collecting money for charities, making donations, and having a bank account.

3  You have three ways of obtaining a Tax ID number (Employer Identification Number (EIN))  You can go to the IRS Web Site:  http://www.irs.gov/businesses/small/article/0,,id=9 7860,00.html http://www.irs.gov/businesses/small/article/0,,id=9 7860,00.html  You can Fax or mail in the Form SS-4  http://www.irs.gov/pub/irs-pdf/fss4.pdf http://www.irs.gov/pub/irs-pdf/fss4.pdf  Use the IRS web site to obtain the mailing address or fax number.  Best way, call:  1-800-829-1040  M-F 0700-2200 your local time

4  Down load the Form SS-4  They will ask what type of organization you are  Military, Veteran, organization that promotes safety and education to military motorcyclists.  Have a POC and supply:  Trade name:  Do not use the following  Green Knights Motorcycle Club  Green Knights Military Motorcycle Club  GKMMC  Suggest using:  Green Knights Chapter (enter your number)  SSAN  State you have no employees  You will raise less then 4K per year

5  If you call by phone the operator will give you your tin before hanging up. (process takes 10 min from start to finish)  If you use the web site, you will be given your TIN before exiting the site.  If you mail or fax in your info, it will take a while for them to get it to you.

6  The best way to apply will be to call:  1-877-829-5500  Have your TIN ready  They will ask you for an organization name.  Do not use the following:  Trade name: Do not use the following  Green Knights Motorcycle Club  Green Knights Military Motorcycle Club  GKMMC  Suggest using:  Green Knights Chapter (enter your number)  You want to indicate to them you are a military motorcycle club.  Tell them you want to apply as an unofficial org  This will keep you from filling out a Form 1023 and paying the $400 application fee.

7 Download IRS Publication 557  http://www.irs.gov/pub/irs-pdf/p557.pdf http://www.irs.gov/pub/irs-pdf/p557.pdf  Page 20 refers to Organizations Other Publications:  IRS Pub 1023  http://www.irs.gov/pub/irs-pdf/f1023.pdf  IRS Pub 4220  http://www.irs.gov/pub/irs-pdf/p4220.pdf

8 You will need to file a form 990N by 15 Jan each year. http://epostcard.form990.org/  Status will take 8 Weeks to update in their system before you can file.  http://www.irs.gov/charities/article/0,,id=169250, 00.html


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