what irs forms do i file for a non profit business for 2005 tax year?
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- I would talk to an accountant, they will probably save you more money than cost you. The IRS says this... http://www.irs.gov/charities/article/0,,id=96103,00.html
- you can file schedule c for your business and form se for self employment tax. with schedule c you will find out if you have a loss or a gain
- Form 990 or 990 EZ
- Have you incorporated your business? A "non profit business" is a corporation that operates as a non-profit under section 501(c)(3) of the United States tax code. These corporations are exempt from federal income taxes and most state taxes. If you have a 501(c)(3) corporation, you will need to file IRS Form 990 or 990-EZ to report the organization's income and expenses. If you have a corporation but have not applied for and received 501(c)(3) exemption, then you will need to file IRS Form 1120. If you have not incorporated your business, you will need to file a Schedule C along with your personal Form 1040 to report your business income and expenses. Due to the complexity of your tax situation, you should seek the advice of an experienced tax professional. All the best, William Perez About.com Guide to Tax Planning http://taxes.about.com/
- A non-profit files a 990 - or 990EZ if the meet the limitations. There are attachments to these that need to be filed.
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