I only know currently of four states that have filing requirements thru treasury. Of these I believe three are just information returns with nothing more than a filing fee to keep the state updated on what is happening. Texas may require the filing of their franchise tax return or similar but I am not going to swear to that. I have "profit" clients who operate in TX but non of the non profit entities that are (or have been) my clients have ever operated in TX. Other states have information returns that are filed thru other agencies. For example, Michigan has an annual report that is filed. Modest fee, no tax. You did not say what state you are in. I would be interested from a professional point of view.
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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