Most radio clubs are set up as non-profit corporations, but this does not mean that they are tax exempt under section 501(c)(3) of the Internal Revenue Service (IRS) tax code. Some changes that took place in 2014 simplified the process for smaller organizations with less than $50,000 in annual gross revenues and reduced the amount of red tape.
At the New England Amateur Radio Festival (NEAR-Fest) Friday and Saturday, October 14-15, in Deerfield, New Hampshire, Certified Public Accountant Lynn Baxter, W0LTB, will explain how clubs and non-profits can attain 501(c)(3) status under the new rules and how to file a simple online annual report to maintain that status.
This means that, under some circumstances, Amateur Radio clubs would be able to accept donations and issue receipts for tax purposes, as well as enjoy other benefits. The forum will take place on Friday, October 14, at 3 PM. Clubs are invited to send one representative, as seating is limited. — Thanks to Mike Crestohl, W1RC