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- Should a nonprofit whose exemption status was revoked for not filing electronically. Should nonprofit owner file the activity on schedule C.
Should a nonprofit whose exemption status was revoked for not filing electronically. Should nonprofit owner file the activity on schedule C.
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iysong
Level 1
4 weeks ago
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nonprofit has no profits.
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2 Comments 2
qbteachmt
Level 15
4 weeks ago
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"nonprofit has no profits."
Which is not the same as no activity.
And it's technically "Not For Profit" and not "nonprofit." Any entity that is nonprofit will not last very long. The NFP entity is operating with a public good and charitable intent, hence "not for profit."
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