Non-Profit to For-Profit
A client of mine formed a corp in 2007 with the intent of it being a non-profit. They filed the 1023 form and havent heard back from the IRS yet. Now they are realizing that they want this to be a regular ol’ for-profit venture. They never filed a return at all for any year. I’m a little bit of a loss what to do at this point. Can I cancel the 1023 request with the IRS? If I cant do that then what do I do? What about the papers that are filed with the state that say this a non-profit - I guess I can get those amended, correct?
I dont even like this client. Why do I continue to do his work?
Anyway, as always any help from the group is much appreciated.
