How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Ed Johnson Your Own Question

Ed Johnson
Ed Johnson, Tax Preparer
Category: Tax
Satisfied Customers: 10760
Experience:  GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee
586644
Type Your Tax Question Here...
Ed Johnson is online now
A new question is answered every 9 seconds

When do I have to file a tax return for a NJ non profit corp

Resolved Question:

When do I have to file a tax return for a NJ non profit corp? What is the cut off date?
Submitted: 5 years ago.
Category: Tax
Expert:  Ed Johnson replied 5 years ago.

Der tim

 

For which tax year are you speaking?

Customer: replied 5 years ago.

Hi Ed,

 

The corporation is the US Naval Sea Cadet Corps Eisenhower (CVN-69) Division, inc. It was incorportated in 2008 as a NJ non profit. It is a youth development group. We had intended to file a 501c3e but only received approx $6500 over the year of 2008.

 

Would you be able to tell me what forms I need to file? Thank you

Expert:  Ed Johnson replied 5 years ago.

Dear XXXXX,

 

Prior to 2008, non-profits with less than 25,000 had no requirement to file.

 

Now, as of 2008, in order to maintain your 501(c) and tax exempt status you need file an electronic notice.

 

Use the following link to file your federal tax return: http://www.irs.gov/charities/article/0,,id=169250,00.html

 

This takes care of Federal.

 

Now for NJ.

 

Did you have your Sales Tax Exempt Certificate?

 

Do you have sales tax to report?

Customer: replied 5 years ago.

Hi Ed,

 

No, we had no sales tax to report as being exempt of because we did not have our 501c filed. We paid sales taxes as is reflected by all our receipts. Do we have to file the same forms even though we never had our 501c?

Expert:  Ed Johnson replied 5 years ago.

Tim, OK so help me out here.

 

The way you stared was that you incorporated a non-profit.

 

You can form a non-profit organization, as a 501(c) 3 etc without getting tax exemption. TAx exemption is not automatic, except in the case of certain religious organizations.

 

You have to file for exemption status with the FED. NJ will not recognize you as a non-profit unless you have the tax exempt certificate from the IRS.

 

It is not to late to file for the tax exempt status.

 

Without it, you will be taxed as a corporation at Fed and state level;and you have to file a sales tax return for NJ for any sales of services and products if any.

 

After my explanation, please confirm that:

 

1. You formed a non-profit organization under 501(c),

2. Did you file form 1023 with the IRS: http://www.irs.gov/pub/irs-pdf/f1023.pdf

 

 

Customer: replied 5 years ago.

No sir, I did not file the 1023 though I did incorporate under non profit status.

 

I understand we may be taxed if we did not file these papers. We received approx 6500. to operate. should I file regular forms? should I try to file the non profit? The corp is no longer functioning or operating.

Expert:  Ed Johnson replied 5 years ago.

Tim,

 

If you are no longer operating then you will not be able to get the tax exempt certification.

 

In this case you need to file as a for profit corporation.

 

Do not forget to file the NJ corporate AND sales tax return, even if you had no sales or services on which to charge sales tax.

 

ALSO if you are no longer operating, do not forget to close your business with the state.

;

The state will consider you still functioning, and they assess sales tax on estimated receipts.

 

Hence you need to file a sales tax return even if a zero return and you have to file the final year return and close the business.

 

Federal closing guidance: http://www.irs.gov/businesses/small/article/0,,id=98761,00.html

 

State guidance: http://www.nj.gov/njbusiness/registration/filing/disolve.shtml

 

You may need this: http://www.state.nj.us/treasury/revenue/dcr/pdforms/c159a.pdf

 

Since you never redceived your tax exempt status, I would do this as a corporation.

 

 

Ed Johnson, Tax Preparer
Category: Tax
Satisfied Customers: 10760
Experience: GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee
Ed Johnson and 5 other Tax Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.