Modesto California Form 990 (Schedule O) 2024-2025

Modesto California Form 990 (Schedule O): What You Should Know

If this organization received a federal tax examination, the  company's tax return(s) may include information regarding any tax audit findings that are not included in the  tax return(s) under audit. This organization may not provide the services specified in the Schedule O. A non-profit organization's failure to file an income tax return should not be a basis for denial of tax-exempt status. An organization  may not refuse to accept Federal government funding in order to avoid payment of tax on that funding. The IRS requires nonprofits to report an amount equal to 5% of gross revenue. A non-profit must calculate gross revenue by  allocating total revenue less expenses and subtracting tax-exempt interest; then divide the difference by five.  The amount is a gross amount. Gross revenue includes: salaries and wages Note: Exempt organizations pay taxes on amounts over and below 5% of gross revenue. The  maximum gross amount from all sources paid by one organization to another is 35%. A nonprofit may report information about its receipts and expenditures to show that it does not receive or  allow funds on the basis of religious doctrine or belief. The organization may not report any items that are  contrary or in addition to the organization's tax-exempt purpose or exempt function. If the information is not  substantially related to the exempt function or purpose, the organization should describe the non-exempt purpose or  exempt function clearly in the description of the organization on the IRS Form 990. This group's Schedule P was not approved as a social welfare organization by the Board of Directors, and the group is not  a charity. The non-profit has lost its tax-exempt status. If your organization has lost its non-exempt status, you should immediately file Form 990-EZ. You must send a copy of your amended return(s), filed as soon as possible, to the IRS. After making sure the amended return is  sufficiently filed, you must send a copy of the amended return to the IRS, except for the “filed” date; this date is the  original filing date. Your amended return may be mailed by certified mail, return receipt requested, to the name specified on  the Schedule D.

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