2020 Financial Filings for BHS Chapters, Districts, and Subsidiaries
Note: This blog includes important updates regarding COVID-19
Have you already submitted your required IRS 990 or CRA Filings? THANK YOU!
Many of our chapters, districts, and subsidiaries have already filed these reports but may not have reported to Society HQ. Filing these reports with the IRS, CRA, or other equivalent is not just a good idea; it is the law! The Barbershop Harmony Society also requires reporting to the organization as a matter of compliance for its chapters, districts, and subsidiaries.
With the 2020 COVID-19 Pandemic, most of these deadlines have been extended but now is a great time to get this paperwork and compliance work completed.
FOR U.S. ENTITIES
The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. This relief applies to all individual returns, trusts, and corporations. This relief is automatic, taxpayers do not need to file any additional forms or call the IRS to qualify.
These filings with the IRS and reporting in eBiz are due no later than August 15th.
Click here for FAQ's about the IRS 990 and tutorial information.
FOR CANADIAN ENTITIES
The deadline for individuals to file with the CRA has been extended to June 1, 2020, and the deadline to pay any amounts owed has been extended to September 1, 2020.
These filings and/or reporting in eBiz are due no later than June 30th. For chapters, please review the Chapter Treasurer Checklist which includes information regarding CRA filings.
Your chapter or entity may not be required to file with the CRA or your local province annually every year. However, the Barbershop Harmony Society requires that you complete and update your eBiz profile nonetheless.
Canadian chapters or entities not required to file with the CRA or Province should upload to their eBiz profile, for the respective fiscal year, with a letter from their Chapter Secretary or Treasurer attesting that their chapter is not required to file with the CRA or Province.
FOR ALL CHAPTERS, DISTRICTS, AND SUBSIDIARIES
Unfortunately, failing to report to the Barbershop Harmony Society (through eBiz) is grounds for suspension/probation of all entities under our umbrella.
If we can be of further assistance to you in the meantime, please reach out to us at chapters@barbershop.org.