Our PTO incorporated 3 years ago but has not filed taxes. Income is under 10K a year. We are located in NY. No volunteers are available to help out with tax related and paperwork matters. We have our form to file for 501(c) status almost ready to go but we need help to finalize it.
We are looking for someone or a firm to help us out to bring our PTO to date with everything. I would appreciate if any of you can recommend someone to help us out.
We're looking into this with the IRS. Unfortunately, your group has chosen a difficult course. A lot of the fines and fees may very well be abated, but you likely will have a long road in working this out. The more typical approach for PTOs that have been in operation for awhile is to incorporate, then apply for 501c3. The IRS considers an organization new when it incorporates. In that sense, you would avoid all the issues with past practices.
I'll post when we hear back from the IRS. Good luck, and please keep us posted on how it goes. I'm sure there are a lot of others who would appreciate your insight.
Hi all, thanks in advance for any help you can give me.
I am the secretary of my daughter's school PTO. The school has been in existence since 2005, and the PTO never paid taxes or finished filing for a tax exempt status(it was started, but then a new board came in and did not complete it).
The current board has hired an accountant and we have filed 2005-2012 and the 1023 form for tax exempt. We also included a letter asking for an abatement due to the nature of PTO management such as revolving people, parents that are not professional tax accountants/attorneys, etc.
We have begun to receive standard form letters from the IRS for late filing that have fees ranging from 1200-2000 per year. We have not received notices for all years yet, though.
Has anyone been in this situation? We are voting on whether we should wait until all of the years have been received/processed by the IRS to do anything or if we should begin making some sort of "good faith" payments to the IRS in the meantime. We are hoping that these fees will be abated, but we have no way of knowing what will happen. We also have not received notice of approval for tax exempt yet.
So.....any experience in taking over for old boards that never filed with IRS? Any help is appreciated!
Thank you!
