[Noisebridge-board] FW: Reminder: Annual filing for tax exempt organizations

Mitch Altman maltman23 at hotmail.com
Sun Mar 28 22:25:16 PDT 2010


I got this reminder from Carol about a week ago about a tax form we need to fill out.

 

Mitch.

 


 
> 
> 
> -------- Original Message --------
> Subject: Reminder: Annual filing for tax exempt organizations
> Date: Wed, 17 Mar 2010 10:57:05 -0700
> From: Carol Gee <carolgee at sbcglobal.net>
> To: carol gee <geec at earthlink.net>
> 
> 
> 
> Exempt Organizations: Status Revoked for Not Filing Annual Return or Notice
> 
> Most tax-exempt organizations, other than churches, must file a yearly 
> return or notice with the IRS. If an organization does not file a 
> required annual return for three consecutive years, the law provides 
> that it automatically loses its tax-exempt status. Loss of exempt status 
> means an organization must file income tax returns and pay income tax, 
> and its contributors will not be able to deduct their donations.
> 
> What must be filed each year depends on the organization’s financial 
> activity:
> 
> Financial activity Filing requirement:
> 
> _Gross receipts normally ≤ $25,000 990-N
> _ <http://www.irs.gov/charities/article/0,,id=169250,00.html> (e-Postcard)
> 
> _Gross receipts > $25,000_ and < $1 million, and
> Total assets < $2.5 million 990-EZ 
> <http://www.irs.gov/pub/irs-pdf/f990ez.pdf> or 990 
> <http://www.irs.gov/pub/irs-pdf/f990.pdf>
> 
> _Gross receipts ≥ $500,000_, or
> Total assets ≥ $1.25 million 990 <http://www.irs.gov/pub/irs-pdf/f990.pdf>
> 
> _Private foundation_ (regardless of financial activity) 990-PF 
> <http://www.irs.gov/pub/irs-pdf/f990pf.pdf>
> 
> Due Dates: Depends on your tax year. For example, for tax years ending 
> December 31, the filing due date is May 15.
> 
> Also, you are required to file a statement of information with the 
> California Secretary of State biennially, and you MAY be required to 
> file a tax return with the Franchise Tax Board, and file an annual 
> statement with the California Attorney General’s Registrar of Charities.
> 
> Please feel free to contact me if you have any questions.
> 
> Regards,
> Carol
> -- 
> Carol A. Gee
> Attorney at Law
> 紀璇律師
> 2379 - 24th Ave.
> San Francisco, CA 94116
> (415) 661-4310
> Fax: (415) 664-9902
> www.geebizlaw.com
> 
 		 	   		  
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