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Tax Return 2018 - Updated Please Review

  • 1.  Tax Return 2018 - Updated Please Review

    Posted 05-14-2019 18:49
      |   view attached
    Attached is the latest 2018 990 return for our group.  Updated Jim as the signature, my office address as <g class="gr_ gr_1909 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar only-ins doubleReplace replaceWithoutSep" id="1909" data-gr-id="1909">location</g> for the 'books' inspection on page 15 .  The officers at the end of 2018 are the same as the previous draft of this return. 

    An extension was auto-filled for the return, so while there isn't a rush to complete this until Nov. 2019, I'd like to have it finalized and off the to-do-list.

    Please review and respond so we have a record of approval/changes.  @Jim Woodhead @Jerry Norman @Robert Wood

    Also: I'm trying to locate the letter from the IRS granting us 990 tax filing status.  This was likely sent to us about the time of incorporation.  We need to keep a copy of this with our records and will need to produce it when changing tax preparers.  If you have any info on the location of this letter, please let me know.  Thanks.

    ​​​

    ------------------------------
    Moira Goggin
    Executive Director
    90 Minds, Inc.
    ------------------------------

    Attachment(s)



  • 2.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-14-2019 19:10
      |   view attached
    501C6 IRS Letter  990 filing letter

    ------------------------------
    Jim Woodhead
    619-990-3946
    ------------------------------

    Attachment(s)

    pdf
    501C6_IRS_Letter.pdf   35 KB 1 version


  • 3.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-14-2019 19:28
    Thank you!  You rock @Jim Woodhead​​!



    ------------------------------
    Moira Goggin
    Executive Director
    90 Minds, Inc.
    ------------------------------



  • 4.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-14-2019 19:34
    I reviewed the draft return. I think 25a i missing a response (N), but otherwise it seems complete. I saw nothing that looked wrong.

    ------------------------------
    Jerry Norman
    Smartbridge Partners
    Austin TX
    512.419.1444 x112
    ------------------------------



  • 5.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-14-2019 19:42
    Edited by Moira Goggin 05-14-2019 19:44
    Added the latest corp docs to date to the Google Share 90 Minds Corp. Docs folder - thanks for sharing the latest ones @Jim Woodhead

    Google Drive share with corp docs for 90 Minds

    ------------------------------
    Moira Goggin
    Executive Director
    90 Minds, Inc.
    ------------------------------



  • 6.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-14-2019 19:44
    Good catch @Jerry Norman - I'll have it marked No. 


    ------------------------------
    Moira Goggin
    Executive Director
    90 Minds, Inc.
    ------------------------------



  • 7.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 14:56
    5 hours per week. That's funny.

    ------------------------------
    Robert Wood
    DDF Consulting Group, Inc.
    Ocala FL
    352-615-5898
    ------------------------------



  • 8.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 17:03
    Thanks for the comments, I need Yes or No approval on this, please.

    Assuming that we change the blank response line 25a to No, do you approve the 2018 Tax Return for 90 Minds?

    @Jerry Norman @Jim Woodhead @Robert Wood​​​

    ------------------------------
    Moira Goggin
    Chismet Consulting Corp.
    Long Beach CA
    ------------------------------



  • 9.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 17:19
    Yes.

    ------------------------------
    Jerry Norman
    Smartbridge Partners
    Austin TX
    512.419.1444 x112
    ------------------------------



  • 10.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 17:36
    We need to figure out a new address. Wayne is closing his office at 160 Oak Street.

    25(a) applies to Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations but we are 501(c)(6). So it doesn't need a response.

    Otherwise, yes.

    ------------------------------
    Robert Wood
    Consultant
    90 Minds
    Ocala FL
    352-615-5898
    ------------------------------



  • 11.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 17:42

    I will offer this up..  DSD does have an office in  Plainville, CT 

     

    413 East St #2
    Plainville, CT 06062

     

     

    We can use this address if necessary. 

     

     

    Jim 

     



    ------Original Message------

    We need to figure out a new address. Wayne is closing his office at 160 Oak Street.

    25(a) applies to Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations but we are 501(c)(6). So it doesn't need a response.

    Otherwise, yes.

    ------------------------------
    Robert Wood
    Consultant
    90 Minds
    Ocala FL
    352-615-5898
    ------------------------------


  • 12.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 18:00
    @Moira Goggin - What is the legal requirement​ for the office's characteristics? Can we use a rented drop which has a street address and suite #, but is actually a PO box? Do any of these services then forward the mail for us?

    I appreciate DSD/Jim's offer, but it would be more satisfying if we found a solution completely independent of somebody's good graces. ​

    ------------------------------
    Jerry Norman
    Smartbridge Partners
    Austin TX
    512.419.1444 x112
    ------------------------------



  • 13.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 18:04
    Well I am the Treasurer so in that case it is not a problem and frankly there really isn't any mail per-say.  So the offer is there  if we need a CT address. 

    Jim

    Sent from my iPhone. Please excuse any typos. 


    ------Original Message------

    @Moira Goggin - What is the legal requirement​ for the office's characteristics? Can we use a rented drop which has a street address and suite #, but is actually a PO box? Do any of these services then forward the mail for us?

    I appreciate DSD/Jim's offer, but it would be more satisfying if we found a solution completely independent of somebody's good graces. ​

    ------------------------------
    Jerry Norman
    Smartbridge Partners
    Austin TX
    512.419.1444 x112
    ------------------------------


  • 14.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 18:30
    Per IRS guidelines form 990:
    Item C. Name and address. Enter the organization's legal name on the "Name of organization" line. If the organization operates under a name different from its legal name, enter the alternate name on the "Doing Business As" (DBA) line. If multiple DBA names won't fit on the line, enter one on the line and enter the others on Schedule O (Form 990 or 990-EZ). If the organization receives its mail in care of a third party
    (such as an accountant or an attorney), enter on the street address line "C/O" followed by the third party's name and street address or P.O. box.
    Include the suite, room, or <g class="gr_ gr_2947 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar multiReplace" id="2947" data-gr-id="2947">other unit number</g> after the street address. If the Post Office doesn't deliver mail to the street address and the organization has a P.O. box, enter the box number instead of the street address.
    For foreign addresses, enter the information in the following order: city or town, state or province, the name of the country, and the postal code. Don't abbreviate the country name.
    If a change in address occurs after the return is filed, use Form 8822-B, Change of Address or Responsible Party-Business, to notify the IRS of the new address.

    We are using my office address for Schedule O of this tax return, while I get confirmation on the PO Box changes for the box I rented back in January (I needed legal proof I could accept mail for 90 Minds, which I got from Jim).  I can use my office address for the first page of the return too.  I don't expect there to be much mail, especially after the lockbox is set up for AR checks.  The PO Box rental is a street address btw. 

    Changing the mailing address is not a big deal, so I don't think we need 'forwarding services', just a conscious effort to update when it changes or the personnel change handling the mail.  If your concern is that we incorporated in CT and need a CT address, rest assured, it is a non-issue.   ​​

    ------------------------------
    Moira Goggin
    Chismet Consulting Corp.
    Long Beach CA
    ------------------------------



  • 15.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 19:13
    I think this is fine, Moira. The key part here is that we don't have to show a CT address for either the IRS or State of CT. So both should be assigned to the drop used by the Exec Dir, whether today or a different one 10 years from now.

    @Robert Wood @Jim Woodhead - What do you guys think? ​​

    ------------------------------
    Jerry Norman
    Smartbridge Partners
    Austin TX
    512.419.1444 x112
    ------------------------------



  • 16.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-16-2019 20:08
    I think I have no clue and will defer to Moira.

    ------------------------------
    Robert Wood
    DDF Consulting Group, Inc.
    Ocala FL
    352-615-5898
    ------------------------------



  • 17.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-17-2019 12:52
      |   view attached
    This may need to be a separate thread, but I checked on the State of CT website for corp. status since it was bugging me that I never have seen a charge for corp. filings.  Attached is the statement, looks like we are active without having to file, assuming since we are a non-profit. Discovered that Wayne is listed as our Agent and the Oak Street address.  I've reached out to Wayne to see if he wants to continue as our agent if not, I'll figure out the next step(s).

    ------------------------------
    Moira Goggin
    Chismet Consulting Corp.
    Long Beach CA
    ------------------------------

    Attachment(s)



  • 18.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-17-2019 13:02
    I talked to Wayne since I was talking to him anyway. He said:

    Sure. I just need to change the address to PO Box 438 Glastonbury CT. I will be out of my Oak Street offices June 1.


    --
    Robert Wood
    Consultant
    352-615-5898

    --

    Eric Hoffer: "In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists."

    Sent from my portable brain


    ------Original Message------

    This may need to be a separate thread, but I checked on the State of CT website for corp. status since it was bugging me that I never have seen a charge for corp. filings.  Attached is the statement, looks like we are active without having to file, assuming since we are a non-profit. Discovered that Wayne is listed as our Agent and the Oak Street address.  I've reached out to Wayne to see if he wants to continue as our agent if not, I'll figure out the next step(s).

    ------------------------------
    Moira Goggin
    Chismet Consulting Corp.
    Long Beach CA
    ------------------------------


  • 19.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-17-2019 13:48
    <g class="gr_ gr_66 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-ins replaceWithoutSep" id="66" data-gr-id="66">Thanks</g> @Robert Wood I got the confirm in email too.  He also said he'd file a change of address with US Post too.  Very nice and very helpful, but that is Wayne without a doubt. 

    However, turning to the matter of filing the change of agent address, we have to list a resident address too.  I'm sure Wayne won't be opposed but I'll complete it online with him or just have him file it for us, as he has agreed to continue to be our agent.  There is a $20 filing fee - please approve it.  

    I then, silly me, checked out our Business Address records online and found they do not have a 'first report' and filing for 90 Minds.  Joy.  We need to get caught up with the State of CT and file our paperwork, and hopefully not encounter fines since we have not paid for a filing since we first incorporated in Feb. 2012.  I'll let you know what I find and what it costs. 









    ------------------------------
    Moira Goggin
    Chismet Consulting Corp.
    Long Beach CA
    ------------------------------



  • 20.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-17-2019 13:55
    Approved. 

    --
    Robert C. Wood
    (352) 615-5898


    ------Original Message------

    <g class="gr_ gr_66 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-ins replaceWithoutSep" id="66" data-gr-id="66">Thanks</g> @Robert Wood I got the confirm in email too.  He also said he'd file a change of address with US Post too.  Very nice and very helpful, but that is Wayne without a doubt. 

    However, turning to the matter of filing the change of agent address, we have to list a resident address too.  I'm sure Wayne won't be opposed but I'll complete it online with him or just have him file it for us, as he has agreed to continue to be our agent.  There is a $20 filing fee - please approve it.  

    I then, silly me, checked out our Business Address records online and found they do not have a 'first report' and filing for 90 Minds.  Joy.  We need to get caught up with the State of CT and file our paperwork, and hopefully not encounter fines since we have not paid for a filing since we first incorporated in Feb. 2012.  I'll let you know what I find and what it costs. 









    ------------------------------
    Moira Goggin
    Chismet Consulting Corp.
    Long Beach CA
    ------------------------------


  • 21.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-17-2019 14:02

    I approve too.

     



    ------Original Message------

    Approved. 

    --
    Robert C. Wood
    (352) 615-5898




  • 22.  RE: Tax Return 2018 - Updated Please Review

    Posted 05-17-2019 15:14
    This is all good with me, too.

    ------------------------------
    Jerry Norman
    Smartbridge Partners
    Austin TX
    512.419.1444 x112
    ------------------------------