topic I have a EIN for a local youth basketball team for banking purposes only. Do i need to file? in Get your taxes done using TurboTax

I have a EIN for a local youth basketball team for banking purposes only. Do i need to file?

thomas1968 — Thu, 06 Jun 2019 15:54:39 GMT

No. There is nothing you need to file on your personal ta...

CarolynM — Thu, 06 Jun 2019 15:54:41 GMT

No. There is nothing you need to file on your personal tax return.

The organization may need to file tax Form 990.

For more information, follow this link: Non-Profit Tax Returns

the basketball team raised $5k for their expenses. EIN w...

thomas1968 — Thu, 06 Jun 2019 15:54:42 GMT

the basketball team raised $5k for their expenses. EIN was only for to get a bank account and to hold the money raised. I cant find anything stating as to if they need to file or not.

You don't. This doesn't qualify.

CarolynM — Thu, 06 Jun 2019 15:54:44 GMT

You don't. This doesn't qualify.

Re: I have a EIN for a local youth basketball team for banking purposes only. Do i need to file?

savage9099 — Wed, 21 Aug 2019 19:37:52 GMT

What if you did not request tax-exempt status when applying for the EIN? What form would you file and what exactly are the filing requirements for this type of situation?