Question: Form 199 or Form 199N, California Franchise Tax Board
Do all California PTOs need to file the California Franchise Tax Board form 199 or form 199N? I read that beginning in 2010, all tax-exempt organizations need to file this form electronically. Does this apply to PTOs as well?
Advice from PTO Today
Craig writes: I'm not sure about the electronic requirement, but all California tax-exempt organizations, including tax-exempt PTOs, must file from 199 (if your gross receipts are $25,000 or more) or 199n (for gross receipts under $25,000).