Small California tax-exempt orgs must file to retain exempt status.
Position | FTB NEWS |
The FTB announced (www.calcpa.org/taxexempt) that starting Jan. 1, 2011, a new California law requires tax-exempt organizations--other than churches and church-related organizations with average gross receipts of $25,000 or less to electronically file with FTB or risk losing their tax-exempts status. The FTB is mailing notices to the more than 260,000 tax-exempt organizations meeting the criteria to file using FTB 199N, also known as the e-postcard. Available online, the e-postcard asks the same basic information as the IRS Form 990-N. The due date is the same for state and federal purposes: by...
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