Audits and Tax Returns
Local Unit Audits:
Your local unit financial records must be audited and an Audit Report Form completed at the end of every financial year (most PTAs/PTSAs financial years run from July 1-June 30) and sent to KCC PTA And TN PTA by November 15, 2016.
Click on the links below for audit guidelines and forms:
Local Unit Tax Returns:
Your local unit must file a tax return with the IRS every year. Due date for filing is the 15th of the fifth month after the close of your tax period. For most PTAs, this is November 15th (since most PTA’s financial years run from July 1-June 30). The type of tax return your local unit must file is determined by your annual gross receipts.
- If your annual gross receipts are $50,000 or less, your PTA will file a 990-N, Electronic notice (e-postcard) – found here
- If your annual gross receipts are over $50,000, your PTA must file a 990-EZ or 990
Have questions? Contact KCC Treasurer: Tracey Ford firstname.lastname@example.org 865.850.0047