I applied for and received an EIN in order to open a bank account for a youth baseball team. This will be used to collect due from families and to pay for a few tournaments that we will enter. It will be a few thousand dollars each year. We did not apply to be a 501c entity.
Now that I have the EIN, does this mean I have to file a tax return for the sports team every year? And do I need to file with the state as some sort of business entity?
