Youth Baseball Sponsorship Forms
Author: Baseball Bob
team sponsorship tax form?
i approached my place of work to discuss them sponsoring a baseball team for county tournament. They agreed to and told me they need the right tax form and where to make the check to . the second part is easy my local baseball for youth organization. my question is what tax form do i need to get for them?
As a local sports organization you should have applied for exempt status with the IRS. Upon granting such status the IRS would have sent you a determination letter stating that they had approved your exempt status. You need to provide a copy of this letter to your employer. If you can’t locate this letter an alternative would be to go to IRS.GOV at the exempt organization section. There you will find a listing of organizations that the IRS has approved as being tax exempt under section 501(c)(3). If you can show that employer that your organization is listed as exempt by the IRS they may accept this as proof that they can contribute to the organization.
An alternative to the charitable deduction would be for the company to deduct the cost as business promotion in the local community.
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