- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
LAST YAER OPEN C CORP AND PROCESS TO BECOME A NONPROFIT CORP
NONPROFIT IS A PROVED BY IRS JAN 2020
DOES HE NEED TO FILE C CORP TAX FOR 2019 ?
STATE IS STILL PENDING FOR APROVE
Best Answer Click here
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If the effective date of the nonprofit status is January 2020 then yes a corporate return is needed for 2019.
Why wasn't tax exempt status requested for inception date?
No need to SHOUT.
The more I know the more I don’t know.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You should ask to see a copy of their determination letter as that will tell you when the tax exempt status became effective and thus whether or not you have to file an 1120 for 2019. The date of the exemption letter may or may not coincide with the date the organization was granted tax exempt status. Be sure to mark the 2019 Form 1120 as a final return if indeed you need to file it.