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if it is actually the case that they have had no revenue and no costs, then filing a 990 is dead simple. If they had no revenue are they even required to file
by Amadou 13y ago
if it is actually the case that they have had no revenue and no costs, then filing a 990 is dead simple.
If they had no revenue are they even required to file at all? I know that for personal income if you do not owe any additional tax than has already been collected then there is no requirement to file.
Since they didn't get 501c3 status until 2012, the 990 doesn't seem appropriate except for this most recent year anyway.
- dnautics 13y ago>If they had no revenue are they even required to file at all? Yes. > Since they didn't get 501c3 status until 2012, the 990 doesn't seem appropriate except for this most recent year anyway. All nonprofits with an EIN need to file 990s even if you don't have 501(c)(3) status. Corporations are not individuals so there are different rules. The rules for registered nonprofits are stricter than for-profits - AND screwing them up can jeopardize attempts to get 501(c)(3) down the line, although typicially the IRS will be reasonable, if you make a handful of trivial mistakes here and there they won't kill you.
- deleted 13y ago[deleted]