TAX RETURN FOR LIONS CLUBS

ALL LIONS CLUB MUST FILE A TAX RETURN BY NOVEMBER 15, 2011 FOR THE YEAR 2010. MOST CLUBS WILL BE ABLE TO FILE EITHER THE 990N OR 990EZ. FAILURE TO FILE ON TIME MAY RESULT IN A PENALTY OF $20 PER DAY WITH THE MAXIMUM BEING SMALLER OF $10,000.00 OR 5% OF GROSS RECEIPTS. THERE IS ALSO THE POSSIBILITY OF YOUR TAX-EXEMPT STATUS BEING REVOKED. THE RETURN MUST BE FILED WITH THE IRS. YOU WILL RECEIVE AN E-MAIL WHEN YOUR RETURN HAS BEEN ACCEPTED.

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