Filing FTB Form 199: It's Now or Never

July 25, 2013 Posted by Jessica Shofler in News

Franchise Tax Board Form 199As we tweeted earlier this week, if your nonprofit operating or incorporated in California has not filed its Franchise Tax Board (FTB) Form 199 recently, now is the time to do so. Come September, 2013, the FTB will start automatically revoking those exempt organizations that have not filed a series 199 for three years in a row. In other words, the FTB is about to do to non-filing CA nonprofits exactly what the IRS started doing two years ago.

It’s not only large organizations that must file. Organizations with average gross receipts of less than $50,000 are required to file the Form 199N electronic postcard. We promise it’s simple.

If you have any questions about filing your organization’s state or federal returns or complying with other ongoing requirements, contact us or your organization’s accountant.

NOTE: The information contained herein is not intended to be legal advice and the reader should know that no Attorney-Client relationship or privilege is formed by the posting or reading of this article which is also not intended to solicit business.

Casey Summar, Partner, The Law Firm for Non-Profits,1812 W Burbank Blvd, #7445, Burbank, CA 91506

One Response to “Filing FTB Form 199: It's Now or Never”

  1. Thank you for this information. I am also filing my form 199 which is a pdf fillable form and I happen to come across your website for how-to information. Thanks again.