Tax history - Revision history

Juul: /* 2014 */

2015-04-16T08:40:50Z

2014

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	==2014==		==2014==

			Filed by Marc Juul Christoffersen (treasurer as of late 2014) and Matt Senate (on the board of directors at the time).

			Our tax year ends on November 30th, so the filing dates for form 199N and form 990 is April 15th instead of the normal May 15th. We should really change this.

			We e-filed 199N e-postcard, and we filed it on time at around 11 pm April 15th.

			We filed form 990 using form990.org (a free service) at about 1:30 am April 16th and we had to email them an authorization form so they probably won't actually file it until start of business on April 16th. This means we will have filed at least one day late! We may have to pay a small fine for this, but we should receive information about this in the mail. The thing we had to email was "Form 8453-EO" which is an authorization to allow them to e-file. Marc Juul has both a copy of form 8453-EO and the login details for form990.org

			* [[Media:Sudo room 2014 form 990 and supplements.pdf\|Federal tax filing: Form 990 and supplements]]
			* [[Media:Sudo room 2014 form 199N e-postcard.pdf\|California state filing: 199N e-postcard]]

	==2013==		==2013==

Matt: /* Applying for State Tax Exemption */

2014-10-19T22:52:54Z

Applying for State Tax Exemption

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	<gallery>		<gallery>
			File:State tax form 3500 sudo room v2.pdf\|2nd DRAFT version of California State tax form 3500 for sudo room year 2013
	File:State tax form 3500 sudo room.pdf\|DRAFT version of California State tax form 3500 for sudo room year 2013		File:State tax form 3500 sudo room.pdf\|DRAFT version of California State tax form 3500 for sudo room year 2013
	File:State not tax-exempt notice scan-1.jpg\|State not tax-exempt notice scan-1		File:State not tax-exempt notice scan-1.jpg\|State not tax-exempt notice scan-1

Matt: adds new header structure and section on applying for state tax exemption

2014-10-19T21:14:55Z

adds new header structure and section on applying for state tax exemption

← Older revision		Revision as of 14:14, 19 October 2014
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	==2014 ~~commenting~~ on ~~Calendar~~ year 2013==		Organized by "tax year" below:

			==2014==

			==2013==

			===Applying for State Tax Exemption===
			We received a notice from the State of California Franchise Tax Board, notifying us that (since we have yet to submit or complete our 501(c)3 application) we must fill out state form 3500 to convince California not to levy state taxes for last year, 2013.

			I've filled out this form to the best of my knowledge so far, but it is incomplete. It needs some more attention. See attached:

			[[File:state_tax_form_3500_sudo_room.pdf]]
			which should have saved my submitted values to many of the required fields. We need a few things:

			# Review what I've already added (make sure dates and such are correct!)
			# Complete the rest of the form to the best of our ability
			# See if any lawyerly advice can help us ensure this goes smoothly
			# Submit before Friday November 7 (30 days from October 9, 2014)

			"Send us either your tax exempt letter, Form 3500, Form 3500A, or Form 100 with a copy of this letter within the next 30 days or we may issue a tax assessment based on available information. A penalty of 25% of the additional tax may be assessed for failure to provide information upon written request."

			<gallery>
			File:State tax form 3500 sudo room.pdf\|DRAFT version of California State tax form 3500 for sudo room year 2013
			File:State not tax-exempt notice scan-1.jpg\|State not tax-exempt notice scan-1
			File:State not tax-exempt notice scan-2.jpg\|State not tax-exempt notice scan-2
			File:3500.pdf\|California State Tax Form 3500
			File:3500bk.pdf\|Instruction book for California State Tax Form 3500
			</gallery>

			===Notes from submitting Taxes===
	This is your treasurer ''notconfusing'' speaking. I'm a tax amateur, and you can too. On Apr 9th 2014, I went the Sustainable economies law center legal cafe to get some advice about how sudo should handle taxes. Here's what I learned:		This is your treasurer ''notconfusing'' speaking. I'm a tax amateur, and you can too. On Apr 9th 2014, I went the Sustainable economies law center legal cafe to get some advice about how sudo should handle taxes. Here's what I learned:

Maximilianklein at 00:31, 13 April 2014

2014-04-13T00:31:11Z

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	##I will file these soon.		##I will file these soon.
	###Update: State taxes done - see [[Media:2013 sudo 199n confirmation.png]]		###Update: State taxes done - see [[Media:2013 sudo 199n confirmation.png]]
	###Update: Federal taxes need to be mailed [[Media~~:File~~:Sudo_tax_federal_990.pdf]]		###Update: Federal taxes need to be mailed [[Media:Sudo_tax_federal_990.pdf]]
	###Our California EIN "Entity ID number" not federal EIN "Employer ID number" is 3617428.		###Our California EIN "Entity ID number" not federal EIN "Employer ID number" is 3617428.
	#2013 was the year we switched from being "Eddan Katz" dba (doing business as) Sudo Room, to Sudo Room, the California non-profit public benefit corporation.		#2013 was the year we switched from being "Eddan Katz" dba (doing business as) Sudo Room, to Sudo Room, the California non-profit public benefit corporation.

Maximilianklein at 00:30, 13 April 2014

2014-04-13T00:30:45Z

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	##Those forms are actually not due until '''May 15th'''.		##Those forms are actually not due until '''May 15th'''.
	##I will file these soon.		##I will file these soon.
	###Update State taxes done - see [[~~File~~:2013 sudo 199n confirmation.png~~\|thumb~~]]		###Update: State taxes done - see [[Media:2013 sudo 199n confirmation.png]]
			###Update: Federal taxes need to be mailed [[Media:File:Sudo_tax_federal_990.pdf]]
	###Our California EIN "Entity ID number" not federal EIN "Employer ID number" is 3617428.		###Our California EIN "Entity ID number" not federal EIN "Employer ID number" is 3617428.
	#2013 was the year we switched from being "Eddan Katz" dba (doing business as) Sudo Room, to Sudo Room, the California non-profit public benefit corporation.		#2013 was the year we switched from being "Eddan Katz" dba (doing business as) Sudo Room, to Sudo Room, the California non-profit public benefit corporation.

Maximilianklein at 23:31, 12 April 2014

2014-04-12T23:31:17Z

← Older revision		Revision as of 16:31, 12 April 2014
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	#Tax day for corporations is the same as for people - April 15th.		#Tax day for corporations is the same as for people - April 15th.
	#Every year we must file '''something''. Even if you become a federal nonprofit, which we aren't yet, you have to tell the ~~govt~~ that you don't owe anything. The basic things we '''need to file''' are:		#Every year we must file '''something'''. Even if you become a federal nonprofit, which we aren't yet, you have to tell the government that you don't owe anything. The basic things we '''need to file''' are:
	##State Taxes: '''Form 199''', probably 199N		##State Taxes: '''Form 199''', probably 199N
	##Federales Taxes: '''Form 990''' Likely 990-EZ.		##Federales Taxes: '''Form 990''' Likely 990-EZ.
			###You file 990-EZ as if you are a 501c3 even though we are not a 501c3, because we intend to be a 501c3 (that's the rules).
	##Those forms are actually not due until '''May 15th'''.		##Those forms are actually not due until '''May 15th'''.
	##I will file these soon. ~~It's highly likely we don't owe much cash~~.		##I will file these soon.
			###Update State taxes done - see [[File:2013 sudo 199n confirmation.png\|thumb]]
			###Our California EIN "Entity ID number" not federal EIN "Employer ID number" is 3617428.
	#2013 was the year we switched from being "Eddan Katz" dba (doing business as) Sudo Room, to Sudo Room, the California non-profit public benefit corporation.		#2013 was the year we switched from being "Eddan Katz" dba (doing business as) Sudo Room, to Sudo Room, the California non-profit public benefit corporation.
	##Eddan is not claiming the income that was receieved, and it was all transfered to the new corporation.		##Eddan is not claiming the income that was receieved, and it was all transfered to the new corporation.

Maximilianklein at 02:06, 12 April 2014

2014-04-12T02:06:50Z

← Older revision		Revision as of 19:06, 11 April 2014
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	##Federales Taxes: '''Form 990''' Likely 990-EZ.		##Federales Taxes: '''Form 990''' Likely 990-EZ.
	##Those forms are actually not due until '''May 15th'''.		##Those forms are actually not due until '''May 15th'''.
			##I will file these soon. It's highly likely we don't owe much cash.
	#2013 was the year we switched from being "Eddan Katz" dba (doing business as) Sudo Room, to Sudo Room, the California non-profit public benefit corporation.		#2013 was the year we switched from being "Eddan Katz" dba (doing business as) Sudo Room, to Sudo Room, the California non-profit public benefit corporation.
	##Eddan is not claiming the income that was receieved, and it was all transfered to the new corporation.		##Eddan is not claiming the income that was receieved, and it was all transfered to the new corporation.

Maximilianklein at 02:05, 12 April 2014

2014-04-12T02:05:32Z

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	#The sudo EIN is 46-4109670		#The sudo EIN is 46-4109670

			This is a visualization of 2013 finances. When debit exceeds credit we had a negative month. 'netcum' is net cummulative money aka total cash in da bank. So if debit exceeds netcum, then our month costed more than we have in the bank.
	[[File:2013 finances.png]]		[[File:2013 finances.png]]

Maximilianklein at 02:03, 12 April 2014

2014-04-12T02:03:13Z

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	#Corporations like us get 27 months after incorporation to file for 501c3. That puts our date at January 2016.		#Corporations like us get 27 months after incorporation to file for 501c3. That puts our date at January 2016.
	#The sudo EIN is 46-4109670		#The sudo EIN is 46-4109670

			[[File:2013 finances.png]]

Maximilianklein at 01:15, 12 April 2014

2014-04-12T01:15:59Z

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	#Since we are not 501c3 yet the money "donated" to sudo room are not actually donations, i.e. not tax deductible.		#Since we are not 501c3 yet the money "donated" to sudo room are not actually donations, i.e. not tax deductible.
	#Corporations like us get 27 months after incorporation to file for 501c3. That puts our date at January 2016.		#Corporations like us get 27 months after incorporation to file for 501c3. That puts our date at January 2016.
			#The sudo EIN is 46-4109670