B
Bev Bryant
Guest
What is the name of your state? California
My husband incorporated in December 2000 (non-profit religious organization). Since that time, has basically done nothing with it...no financial activity, no activity of any kind.
Unfortunately, I don't think he understood that he also had to apply for tax-exempt status with the state of California. He didn't, now the state says we owe the minimum tax, $800.
My question is this: do we have to pay the tax, even if corporation has been totally inactive/non-operational?
Our only income at this time comes from SSI (my husband and stepson are both disabled.) Needless to say, we can't pay this tax!
Thanks in advance.
My husband incorporated in December 2000 (non-profit religious organization). Since that time, has basically done nothing with it...no financial activity, no activity of any kind.
Unfortunately, I don't think he understood that he also had to apply for tax-exempt status with the state of California. He didn't, now the state says we owe the minimum tax, $800.
My question is this: do we have to pay the tax, even if corporation has been totally inactive/non-operational?
Our only income at this time comes from SSI (my husband and stepson are both disabled.) Needless to say, we can't pay this tax!
Thanks in advance.