I agree with John on this Lisa.
Heidi
On April 14, 2015, at 8:20 PM, John Hutton <john.f.hutton@xxxxxxxxx> wrote:
Hi Lisa -
Sorry for the delay.
Turns out Marlene had already talked to our friend, and she had no help
to give. :-(
I still believe we DON'T put this on your taxes. We go ahead and try to
figure out the non profet status and then just file as if we were always
a non profit. May not be letter of the law, but certainly the spirit. :-)
Yours, john
On 4/12/2015 4:34 PM, Lisa Hubert wrote:
Hi John,
Did you get a chance to ask your friend about filing 2014 after we are a
nonprofit? I am doing my own tax return right now and want to include
Collindale if necessary. It will be easier than having to file a late
business return. I do mine in TurboTax, which shows me my refund/taxes-due
amount throughout the process. I would enter all of my own personal taxes,
see what the refund/taxes due amount is, enter Collindale's income/expenses,
and then get the final refund/taxes due amount. The difference is what
Collindale owed in taxes.
Lisa
