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lastlib

(27,194 posts)

3. 45 years ago, you could've gotten away with no tax ID number.

Reply to surfered (Reply #1)

Thu Nov 20, 2025, 09:05 PM

Thursday

However, TEFRA (1986 under Rayguns) changed the game, and the bank should have required you to provide one. And still, you should have applied for tax-exempt status and submit an annual 990 tax return. IRS probably wouldn't come after you for less than a thousand dollars, but for 8,000--you could be subject to penalties for not filing. I'd suggest you consult a tax professional.

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HELP _ Accountant question - It's a hiking club. Founded 45 years ago. A year or so later, a bank account was opened. [View all] 3Hotdogs Thursday OP

Potentially yes. Probably not, due to the low dollar amounts involved. surfered Thursday #1

new entity...yep, let those dogs lie. ret5hd Thursday #2

45 years ago, you could've gotten away with no tax ID number. lastlib Thursday #3

Has it even remotely PoindexterOglethorpe Yesterday #4

I agree with other posters - file with IRS as a 501(3)(c) with a clean slate 10 Turtle Day Yesterday #5

Is it a juridical entity? snot 23 hrs ago #6

It was never filed as an entity, anywhere. It only has members who pay dues of $20 per year. 3Hotdogs 22 hrs ago #7