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tax info needed...

18 years 5 months ago #103192 by ihad2muchcoffee
Replied by ihad2muchcoffee on topic RE: tax info needed...
You should not be using the old PTA's TIN (or EIN) at all. When the group went independent of the PTA, it should have applied for its own TIN (or EIN), or use the school's TIN or EIN, like many groups do.

You could call the IRS to find out if your PTO applied for its own TIN or EIN. I don't know what kind of penalties you'd face. I'm not sure how a PTO files taxes if it is using the school's TIN or EIN.

If your group does not have its own TIN or EIN, you might want to discuss with your members if the PTO should continue to use the school's TIN, or if you want to apply for your own number and incorporate your group. Remember, just because a PTO has its own TIN or EIN, doesn't mean it is tax exempt. You have to apply for 501(c)(3) status with the IRS using form 1023--and it's a doozy!

I hope someone else can shed more light on this situation for you!
18 years 5 months ago #103191 by <LEFT IN LIMBO...>
tax info needed... was created by <LEFT IN LIMBO...>
I have a question....
apparently we had our own TIN at one time. I just found this out today from our bank. We picked up last year with no previous notes or anything, just the checkbook, so we "winged it". The principal was new also last year. She gave us the district TIN for us to use as needed.
My question is....
Do TIN's expire...
I know that in '97-when the account was set u- they were pta, then they went pto and I think they just let everything fall by the wayside.
Would IRS tell me the status of the TIN, and are we now facing penalties...
Any input would be helpful.
Thank You.
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