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RBSA addressing tax status


RBSA addressing tax status

MAY 9, 2014    LAST UPDATED: FRIDAY, MAY 9, 2014, 12:31 AM

Officers within Ridgewood’s largest youth sports organization said corrective measures are already underway for the reinstatement of their federal tax-exempt status from the Internal Revenue Service.

The tax-exempt standing of the Ridgewood Baseball and Softball Association (RBSA) recently came into the spotlight following the revelation that the group did not file federal taxes for at least three consecutive years. As a result of that oversight, the RBSA was stripped of its tax-exempt status with the IRS more than three years ago.

Public records available on the IRS website, which is regularly updated, confirm that the federal government revoked RBSA’s tax-exempt classification on March 15, 2011. The IRS imposes an automatic revocation on organizations that fail to submit tax returns for three straight years.

Under federal law, a tax-exempt organization in the United States is required to file 990 series returns with the IRS each year. Some groups are excused from the 990 federal tax filings under the Internal Revenue Code, though most falling under that category are religious institutions, select political groups and those with low annual gross receipts, according to the IRS website.

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