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Client filed 1120 but said they are non-profit. Huh?

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    Client filed 1120 but said they are non-profit. Huh?

    I have a new client and they filed an 1120 for year 2014. I am due to file their 2016 and 2017 tax return. 2015 is pending verification. Should they be filing F 990-EZ if they are a non-profit, have less than $100,000 in income and less than $250,000 in assets? Their 2014 return has a NOL carryover.

    #2
    Is this the same non-profit that is hiding income from your other post?
    Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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      #3
      yes

      yes it is the same

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        #4
        Another huge red flag.
        How many do you need?
        "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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          #5
          So they have filed for not-for-profit status by now and received approval? It has been three years - what are the 501(c)(3) or some other. that may quickly tell you where you are at or not with them as a client.

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