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C CORP

an
Level 1

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

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Mimbreno
Level 3

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.

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2 Comments 2
sjrcpa
Level 15

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?

 

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Mimbreno
Level 3

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.