Cancel account in the Non profit Business Proposal

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How to Cancel account in the Non profit Business Proposal

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hi im jackie jackson and im going to talk to you about how to dissolve a charitable non-profit organization now when youre thinking of ending the nonprofit organization its very important that you make clear to the irs that this entity was set in place for non-profit charitable purposes and not just as an opportunity to avoid paying taxes because of the tax-exempt status your first step is to meet with your board to make sure that the board agrees that the entity should be dissolved and based on the bylaws of your organization this may require a simple majority it may require two-thirds of the board members to agree to it again check your by-laws next step is to file your taxes and when youre filing your taxes you need to check off that this is the termination tax filing that will be taking place also you need to include with your taxes a plan that describes how youre going to be distributing the remaining assets of the organization

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