PTAs are required to file 990 Tax forms - 4 ½ months following the end of the fiscal year. Since PTAs work on a Budget cycle of July 1 - June 30, this means November 15 is the deadline for filing for the tax year.
My suggestion is to get your audit committee ready to begin July 1.
NEW beginning 2008!
ALL PTAs with gross receipts less than $25,000 must file the 990N. This can be done electronically, and instructions are on the IRS website.
PTAs with gross receipts of $25,000 or more...must file the Form 990 (or 990EZ) and Schedule A.
PTAs with gross receipts over $100,000 must have their audit completed by a professional CPA auditor. The firm should also be able to complete your 990 EZ form as part of the audit.
If you have not received the forms from the IRS, you may download them at http://www.irs.gov/. A sample 990EZ was included in the Treasurer's Guidebook.
If you have any questions or need assistance with this, please send me an e-mail or give me a call.