Squash Dreamers

“Please see our description for line 20. Accounting errors were discovered.”

“Other expenses account for the cost of providing squash training and English language lessons (e.g., transportation costs, meals, sports equipment, and classes.”

“We have identified a deficit of $7756 for the 2020 tax year and, thus, are filing this amended return. We have determined that the deficit was the result of poor bookkeeping. Specifically, the Founder and President of Squash Dreamers (Clayton Keir) approved all expenses for 2020, and, on a monthly basis, sent the approved expense amount from the Squash Dreamers business bank account for the payment of those expenses. To date, Squash Dreamers has not received any complaint concerning any unpaid salaries or other expenses. Thus, we have no reason to believe that the deficit reported was the result of theft or mishandling of the funds. However, to avoid further such errors, Squash Dreamers has reworked its accounting process in 2022, bringing on-board a new Executive Director and Treasurer. Given that Squash Dreamers is a small non-profit organization with no tax liability, the deficit shown in Line 20 does not change our tax liability to the IRS.”