Who needs a 199 form?
Organizations with a tax-exempt status should complete this form. This status is given by the Franchise Tax Board Department of California. To determine whether your organization is eligible to receive a non-exempt status, you should read the instructions on the form. Churches, some political organizations, and profit sharing trusts are not required to file this form at all.
What is the purpose of the 199 form?
The California Exempt Organization Annual Information Return contains information about the filing organization, its expenses, and its revenues for a certain fiscal year. These details are very important for the Franchise Tax Board, as it will be used for the tax return.
What other documents must accompany the 199 form?
The authorized representative of the organization has to attach to the form all the required checks. Depending on the organization type, it should include Form 109, Form 100, Form 565, Statement of information (SI-100), Form 990, etc.
When is the 199 form due?
The organization should file the form by the 15th day of the 5th month after the end of accounting period. The estimated time for completing the form is 20 minutes.
What information should be provided in the 199 form?
The form contains the following details:
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Date of the beginning and ending of the fiscal year
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Name of the organization
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California corporation number
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Address
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Information about the tax-exempt status
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Receipts and revenues
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Expenses
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Filing fee
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Balance sheet
The preparer (president of the company, treasurer, chief accounting officer, trustee, etc.) should sign and date the form.
What do I do with the form after its completion?
The completed form is forwarded to the Franchise Tax Board, Sacramento CA.
