Our local youth sports league buys uniforms for each participant in both the fall and the spring (plus extra uniforms for all-star teams). What tax breaks, if any, are available on the purchases of those uniforms?======>I guess it depends; you need to check if your organization can meet the irs?s requirements for a non-profit 501(c) 3 organization and tax exemption. Dependent on your organization's mission, you may also qualify as a qualified amateur sports organization if you have the intention of developing amateur athletes for national and international sports competition. While you can't deduct the cost of uniforms for them, if they buy uniforms as part of their charitable services, they can deduct those costs. Be aware, however, that to qualify as an expense, the uniforms must be worn only while volunteering and are otherwise not suitable for everyday use. For example, the cool sneakers and running capris that you wear when you coach for Girls On The Run doesn't count since you also wear it outside of training on your personal runs.
In filing taxes, what form number should we use when noting this information on our yearly taxes?=========?>>>>>>> All nonprofits with gross receipts "normally" under $50k must file Form 990-N. Your receipts will satisfy the "normally" requirement if they averaged $50k or less in the prior three consecutive tax years, including the year in which the return would be filed.tax exempt organizations with less than $200kof gross receipts and less than $500k in assets can file Form 990-EZ, which is the "short form" version of Form 990 |