CHAOS Needs a Tax Person!

9 posts / 0 new
Last post
JimChochola
JimChochola's picture
Offline
Last seen: 3 years 7 months ago
CHAOS Needs a Tax Person!

Although I'm the treasurer, I have absolutely no clue as to how to prepare taxes for either our current Not For Profit entity or for our potential 501(c)(3) entity. I think for the former it's form 1120; for the latter it's 990.

I would like to learn how to do this so, ideally, we work through it together so that I can do it in subsequent years. Less ideally, but also perfectly acceptable, is I hand over all our receipts, bank statements, and whatever else you need, and you just do it for us.

If I understand our situation correctly (and I think I do), we incorporated in August of 2012; our fiscal year ended in August of 2013; we have five months + 15 days after that to file. So, we need to file our taxes by mid-January 2014.

If you or someone you know can help CHAOS out, we should start the ball rolling!!

 

MarkWalters
MarkWalters's picture
Offline
Last seen: 1 year 1 month ago
Alchemist, member since
I did some research, while

I did some research, while our 501c3 is pending we can still file the 990. If it's ultimately denied, we'd have to go back and do the 1120.

IGZ
IGZ's picture
Offline
Last seen: 8 years 6 months ago
Alchemist, member since
got a letter for some fee to

got a letter for some fee to pay to the state.  its $10. something for the NFP

 

...igz...

IGZ
IGZ's picture
Offline
Last seen: 8 years 6 months ago
Alchemist, member since
also, please make all

also, please make all attempts to remove my name from documents associated with taxes and corporations

...igz...

JimChochola
JimChochola's picture
Offline
Last seen: 3 years 7 months ago
I'm bumping this up again. I

I'm bumping this up again. I've e-mailed two people over the course of the past 8 months and both seem to have fallen through. If you or someone you know can do taxes for CHAOS (they'll need to be prepared/submitted in January due to the date of our formation), please contact me ASAP at jim@chaosbrewclub.net. Thanks in advance!

MarkWalters
MarkWalters's picture
Offline
Last seen: 1 year 1 month ago
Alchemist, member since
The 990 isn't too hard. And

The 990 isn't too hard. And we qualify for the 990-N. I can help you with it. Maybe we can get together one afternoon / evening first week of Jan?

JimChochola
JimChochola's picture
Offline
Last seen: 3 years 7 months ago
Are we officially approved as

Are we officially approved as a 501(c)(3)? Did you hear back from the IRS? Or, can we operate as one while our application is pending? I thought we had to file an 1120.

At any rate, Mel (Lucas' girlfriend) has offered to help, too. Maybe the three of us need to coordinate for a day in January to sit down and hash this tax stuff out. I would indeed like to learn how to do all this myself for next year.

 

Mel
Mel's picture
Offline
Last seen: 7 years 4 months ago
If all you need is the 990-N,

If all you need is the 990-N, I don't think you really need me to meet with you also, but I can if you want. This is the info for the 990-N:

http://www.irs.gov/Charities-&-Non-Profits/Annual-Electronic-Filing-Requirement-for-Small-Exempt-Organizations-Form-990-N-(e-Postcard)

I was thinking Benderbrau if it's an ale, Botweiser if it's a lager.

JimChochola
JimChochola's picture
Offline
Last seen: 3 years 7 months ago
Great! I downloaded these

Great! I downloaded these forms a while back when we first applied. Lemme take a look at the 990-N and see if I have any questions.

Thanks, Mel and Mark!