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Well yes and no. You have to file returns, generally of the 990 form series, and several other reports. These are basically equall some would say more in depth than other tax returns, pay any tax on non exempt income and prove your exempt status for the rest.
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∙ 15y ago
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Do corporate earnings have tax returns?
Corporate earnings don't have tax returns. But corporation that earn (and even those that lose money) do have to file tax returns to report their earnings (or losses).
Does a homeowners association need to file income tax returns?
Generally, yes, especially if the association is any kind of corporation.
I run a small corporation, do I have to file a corporate tax return?
Corporations must file Federal tax returns every year, regardless of income or loss. The same is true in most states.
Can nonprofit organizations be incorporated?
Yes, nonprofit organizations can be incorporated as either a nonprofit corporation or a not-for-profit corporation, depending on the state in which they are located. Incorporating provides the organization with legal protection and allows it to apply for tax-exempt status.
Does S Corporation required to file K'1 tax returns?
When filing as an S-Corp, you will file a K-1 as well as a W2 being that you are an owner and employee simultaneously.
Do you have to file an income tax return if you are deceased?
The estate of the deceased has to file tax returns.
Can I prepare state and federal tax returns online?
You can prepare federal tax returns online. However, some states require that you file state tax returns through the mail. You will have to file them separately.
Where to file personal income tax return with refund?
Where to file federal tax returns: http://www.irs.gov/file/index.html Where to file state returns: http://www.taxadmin.org/fta/link/forms.html
Using Forbes Tax Software?
Using Forbes Tax Software can help give you power when it comes to filing and preparing your tax returns. It has options and templates to help you file everything from personal tax, partnership tax, payroll, corporation tax and trust and estate tax. You no longer have to wonder how to file various types of taxes.
What is a word for submitting your tax returns?
You "file" your tax returns with the taxing authority (federal government, etc.) You can also "efile" your tax returns by submitting them electronically.
What are some trusted websites where you can file your online tax returns?
You can file your online tax returns with the TurboTax website at TurboTax.com. You can also file with many other services that can be found at IRS.gov.
Can you receive your tax refund if you didn't file the previous year?
It is not possible to get refund unless we file the income tax returns. When we file returns it will check with OLTAS and generate refund if paid excess
