If you are a Texas nonprofit organization you should consider checking the “status” of your tax-exempt agency. Perform the following steps to determine if any taxes are listed and the filing status of your non-profit agency:
1. Go to this government website and click on Texas Taxes, Filing and Paying, Exempt Organizations.
2. Do an Exempt Search, (this will show the various taxes and the status of each.)
If the information is incorrect, you may need to file a new application or contact the Comptroller’s office.
If your agency is not listed at all, you will need to do a search on SOS Direct website. Do not assume that the organization is exempt from sales and franchise tax simply because it is properly incorporated. Nonprofits must request exemption by filing the appropriate form.
Some organizations have found that their corporation has been involuntarily dissolved, usually due to failure to respond to notices. This happens when the registered agent and/or mailing address has not been updated. The important thing to remember is to update the registered agent and address for your organization. For more information, continue reading…
CPAs should consider these searches to help clients remain in compliance with Texas laws and regulations regarding nonprofit organizations.
For further information, contact the Funding Information Center or your organization’s attorney.
Tags: Exemption Status, Texas Comptroller's Office
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