Employee Identification Number - Sports Team

[okislam]

I am starting a sports team and have applied for an EIN. We will only collect annual ($180.00) and monthly ($80.00) fees but also accept donations. What is our dollar cap for not paying any taxes? Do you complete the yearly forms required for filing? Any information you can provide would be helpful.

[tagteam]

I would suggest that you seek guidance from legal and tax counsel.

https://www.avvo.com

https://taxexperts.naea.org/expertdirectory