"TaxSrv" <n3_eu[at]comcast.net> wrote in news:1139usio2fret40

- quote -

Thanks, that's is happening right now. It's going slowly,
but I have been pushing it for a while now. Rumors are that
it is going to be expensive ...

--
Best regards
Han
email address is invalid

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Han wrote:

- quote -

Has the organization applied for IRS recognition of its
exemption? In addition to the 1099 it received, money and
property rec'd from members also constitute gross receipts
(income) to determine if it must apply for recognition and
file returns. Generally, annual receipts over $5,000
require that the organization apply to IRS for recognition.
See their Publication 557, available at www.irs.gov.

Fred F.

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Han <noone[at]nospam.invalid> wrote:

- quote -

If you have less than $25,000 of income or expenses, you can
ignore the filing altogether. But if the IRS sends you a
pre-printed form 990 or 990-EZ, just check the Under 25000
box, and return it. Depending on what type of 501 you are,
you might have additional schedules if you do have a filing
requirement.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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"Han" <noone[at]nospam.invalid> wrote

- quote -

Maybe, maybe not. Depending on the type of non-profit (some
have exceptions), if receipts are over $25,000 then you
~must~ file a return.

- quote -

Form 990 series. With the schedules it can be a thick form
(see if you qualify for the 990-EZ).

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

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"Han" <noone[at]nospam.invalid> wrote:

- quote -

Form 990, if the 501(c ) entity has over $25,000 of gross
receipts. Actually there's a scale based on how long the
organization has been in existence.

--
Tom Healy, CPA
Boulder, CO
Web: http://www.tomhealycpa.com

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501c Society (NY incorporated) has only "income" from member
contributions and donations from companies to hold meetings
for members and guests scientific seminars.
Received a 1099 Misc from one donor company.
Need to file taxes?
What form(s)?

--
Best regards
Han
email address is invalid

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