PLEASE NOTE: FAILURE TO FILE THIS FORM may result in loss of tax exemption status. If the IRS revokes your Federal Tax Exemption status, a reinstatement application, plus a filing fee of $400 - $800 will be required by he IRS. Once your status is revoked, there is no guarantee that the IRS will reinstate your Federal Tax Exemption
A subordinate that does not file its required, annual information form for three consecutive years AUTOMATICALLY will be disqualified from being included on the Fraternity's group exemption and will be removed from the Fraternity's group exemption roster, resulting in a loss of the subordinates tax-exempt status. In order to once again qualify to be added to the Fraternity's group exemption roster, the subordinate must file returns for the previous three years and then notify the Fraternity that it is now eligible to be added back to the subordinate roster.
Please also note that the returns are due by the 15th day of the fifth month after the close of an organization's tax year. For chapters/colonies reported as subordinates of Delta Upsilon International Fraternity, the end of the tax year is June 30th. Since the tax year ends on June 30, the return should be filed by November 15.
Information on filing requirements for all tax-exempt organizations can be found at www.IRS.gov/eo. Here, the IRS has gathered information about which 990-series form to file and when to file, and a set of FAQs regarding the new filing requirements. Please note that which 990-series tax form a subordinate is required to file will depend on the organization's gross receipts within the tax year. Please reference the IRS website or consult a tax professional to determine your group's annual filing requirements.
For those required to file the 990-N:
Information on the 990-N (e-postcard), along with where to file, can be found by visiting: http://www.irs.gov/charities/article/0,,id=169250,00.html. Before filing the 990-N you will need to have the following information available:
- Employer identification number (EIN)
- Tax year (should be the 12 months ending June 30)
- Legal name of the chapter/colony and mailing address and any other names used
- Name and address of principal officer
- Web address of chapter/colony (if one is available)
- Confirmation that your annual gross receipts are normally $50,000 or less
If your chapter/colony does not have an EIN and/or is not listed on the Fraternity's group exemption roster and would like to be, please contact our office at 317-875-8900. Please contact a tax professional if you need assistance in determining your tax exempt status or completing the 990-series forms.