Form 4T Save Print Wisconsin Exempt Organization Business Franchise or Income Tax Return For 2008 or-2025

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Form 4T Save Print Wisconsin Exempt Organization Business Franchise or Income Tax Return For 2008 or Preview on Page 1

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Use Form 109, California Exempt Organization Business Income Tax Return, to figure the tax on the unrelated business income of the organization. Filing Form 109 does not replace the requirement to file Form 199, California Exempt Organization Annual Information Return, or FTB 199N.
There are a number of reasons you may receive a bill from the Franchise Tax Board. You filed your tax returns late. This is by far the most common reason you may still owe money. People dont realize that late filing, even by one day, will incur a late filing penalty.
You received this form because both of the following happened: You claimed state income tax payments as an itemized deduction on Schedule A of your Federal Income Tax Return for the tax year listed in Box 3. You received a refund, credit, or offset of $10 or more.
Tax-exempt organizations generally operate for charitable or other beneficial purposes and therefore most income that they receive is exempt from tax under the Internal Revenue Code. However, income-producing activities considered unrelated to their exempt purposes may result in taxable income.
Use Form 199 to report information relevant to maintaining your tax-exempt status. Most tax-exempt organizations are required to file Form 199 or FTB 199N. Some types of organizations do not have a filing requirement.
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The FTB wants to verify the dependents you claimed on your tax return. You need to send them the information they requested with a copy of the letter.

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