Part 1 – GOVERNANCE

 

SECTION:  Financial Administration

 

POL 1-020

Internal Revenue Service reporting requirements

 

Effective date: May 1, 2010

Approval date: February 19, 2010

Last revised: February 19, 2010

Cancelled date: 

Reference:

Cross reference:

 

 

POLICY

 

ARMA International includes its U.S. Chapters in its annual group federal tax return with the IRS.

 

 

GUIDING PRINCIPLES

 

1.                The Internal Revenue Service (IRS) has granted ARMA International and its U.S. chapters, as not-for-profit organizations, a group exemption from federal income tax on revenues from activities directly related to the primary reason for the not-for-profit classification. 

 

2.                Including chapters in the group return protects the tax-exempt status of ARMA International and each U.S. chapter.

 

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Questions about previous Policies & Procedures? Contact Connie Hardy, Corporate Secretary.