Does a Sports Teams (community) Need a Tax ID (EIN)?

21 Jan 2020

A sports teams community is a type of organization that is considered a non-profit and thus fall under tax-exempt status with the IRS. Does this type of organization also need an employer identification number, though? The answer is a resounding yes.

Having an employer identification number as a sports teams community organization is important and also a requirement. The Tax ID (EIN) number will allow the sports teams community organization to function, file tax returns properly, process payroll when it hires employees, and so on. It also allows the organization to do basic tasks such as opening up a bank account and taking out a loan of any kind. You can apply for your Tax ID number online using the button below and select the “Sports Teams (community)” option from the drop-down menu of the Non-Profit Tax ID Application.