Franchise Tax Board

Entries Tagged as 'Franchise Tax Board'

How to Rescue a Troubled Nonprofit: California Considerations

February 8th, 2017 · Comments Off on How to Rescue a Troubled Nonprofit: California Considerations · California Attorney General enforcement, California Exempt Status, reinstating California exempt status, restoring good standing with CA Secretary of State

Did your nonprofit organization lose its California tax-exempt status? It the organization suspended with California Secretary of State? Has the organization been suspended by the California Attorney General? What needs to be done to reinstating the exemption for California income tax purposes? How does one restore “good standing” status with the California Secretary of State? […]

FTB Guidance Regarding Automatic Extension for Filing Form 199 and Form 109

November 13th, 2016 · Comments Off on FTB Guidance Regarding Automatic Extension for Filing Form 199 and Form 109 · Automatic Extension, Form 109, Form 199

The following summarizes recent guidance issued by the California Franchise Tax Board regarding the automatic extension for filing the Form 199, Exempt Organization Annual Information Return and for the Form 109, Exempt Organization Business Income Tax Return. The guidance, which is found in FTB Notice 2016-04, is for taxable years beginning on or after January […]

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Tags:extensions·Franchise Tax Board

How Do You Know a “Church” is a “Church” for Tax Purposes?

May 16th, 2016 · Comments Off on How Do You Know a “Church” is a “Church” for Tax Purposes? · church, exempt status

Frequently Asked Questions. Do churches register with the federal and state government? How do you know if a church is recognized as a “church” for federal income tax purposes and for state income tax purposes? By the way, the term “church” is not limited to Christian churches, but also applies to other religions, so there […]

Streamlined Administrative Dissolution Process for Nonprofit Corporations

November 9th, 2015 · Comments Off on Streamlined Administrative Dissolution Process for Nonprofit Corporations · Dissolution, Inactive nonprofit corporation, State and Local Taxes, state compliance, State Exemption

Beginning January 1, 2016, inactive nonprofit corporations, which are eligible for administrative dissolution under the recently enacted law under AB 557, can be automatically or voluntarily dissolved. There is a significant problem with non-profit corporations filing incorporation papers with the Secretary of State, and then failing to launch or continue operations and remain up to […]