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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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13 thoughts on “RBSA addressing tax status

  1. That’s like closing the barn door after the horse has run away. Who the hell is running that origination? There are only two things that remain the same in life. Death and taxes. I would what else we don’t know about?

  2. I dont even understand the excuse. They couldn’t find a CPA because the finances are so complicated so they just didn’t file tax returns? For 3 years no less!

    This is like an excuse used by Real Housewives.

  3. Want this guy making big decisions about our municipal budget?

  4. #2, it has been 6 years since they have filed tax returns! 3 years before it was revoked and 3 years since. Which happens to be the entire tenure of RBSA President Jim Albano.
    #3, you hit the nail on the head! If he cannot resolve the RBSA tax issue in 6 years, he is definitely not cut out to be a councilman. There a 6 members of the RBSA Executive Board, 22 RBSA trustees and thousands of parents through the RBSA organization over 6 years. They couldn’t find anyone to do their taxes? Then maybe they should have suspended the program or at least part of the program until someone stepping up to the plate (pun intended!)
    One thing for sure, Jim Albano has his hands full and he is too busy to be an informed and active member of our village council. He should clean up his mess and run again in a couple of years when he is ready to be a truly active member in Village issues.

    1. donors could face IRS penalties , especially larger ones , so this is more than just bad management?

      and if there is a legal tax issue will the organization make good ?

  5. Albano& Seavers so good together, keep them away from village hall.

  6. The IRS site says that as of March 15, 2011, it revoked the tax-exempt status of organizations that had not filed for AT LEAST 3 consecutive years. Since taxes are not due until April, that means 2010 didn’t count. The three years would have been 2007-09. But there is no way of knowing when they last filed properly. Even RBSA may not know, since the CPA who fled without warning was apparently the only accountant in the state.

    This is worse than sloppiness. Allowing people and companies to continue to deduct their donations allowed them to commit fraud for years without realizing it. A group too busy “helping the kids have fun” to control its finances should not be sitting on giant nest eggs.

  7. “Albano& Seavers so good together, keep them away from village hall. ” They would fit right in with the other three.

  8. We can take care of the other three in two years. I can’t wait.

  9. Not soon enough. We will pay the price for years.

  10. Impeachments could bloom in the spring.

  11. Anonymous:

    Not soon enough. We will pay the price for years.

    Yep, they slowed the growth in Village property taxes to zero, completely changed the way we formulate the Village budget and started asking the right questions, and kept Valley and CBD redevelopment off the Village agenda by burying bad proposals at the Planning Board level. Huge positive change from there previous bunch who handed retroactive pay wages out like they were candy and raised taxes 5% a year !

    1. are you serious ?

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