<purrcontentment[at]gmail.com> wrote:

- quote -

First of all there is a difference between a not for profit
& a non-profit entity. They are very different types of
entities.

Depending on the type of entity, it may be required to file
a tax return. However, filing a tax return does not mean
that there is a tax liability.

You should consult with your own CPA/tax advisor.

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I belong to a garden club who received a 1099 INT form this
year for $85. We are not for profit and are a neighborhood
group who sell plants to raise money to take care of land in
our neighborhood that the city will not take care of any
more. This past year we didn't use that money right away
and along with money left over from last year we put it in
an account which drew interest.

Are we required to file taxes?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >