USATF filed their 2019 tax return on November 11, 2020.
As of today, June 15, 2021, it is still not posted to their website.
Multiple sources have told me the reasons for this delay have to do with delays in getting their finances audited by their audit firm (we have had turnover in audit firms).
In the meantime, the IRS has published USATF’s 2019 990. You can view it directly on their website: https://apps.irs.gov/app/eos/ use USATF’s EIN 35-1475847 to search for it.
I’m not a tax expert, and I’m not going to sit here and try to analyze USATF’s tax return. But I do want to point out one thing…
On Section O, Supplemental Information, the following statement is made:
“The return is shared with the board of directors prior to filing. Once filed the return is posted on USATF’s website for public viewing.”
The board as of November 2020 will have to speak for themselves as to whether or not the tax return was shared with them prior to filing, but it was not posted to USATF’s website once filed.
If it is the intent of USATF to not post the tax return until all of the finances have been audited… why?
The tax return is public record. If you don’t post it, the IRS will eventually and you just look shady.
But also, if you are going to wait for audits before posting, then your statements to the IRS need to reflect that, because otherwise it seems like you are making false statements to the IRS, and that sounds like a really bad idea to me.
