Discussion:First year non profit financials

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Discussion Forum Index --> Accounting Questions --> First year non profit financials


Rjpcpa (talk|edits) said:

24 June 2013
I am reviewing the finanacials for a first year not for profit (501(c)(3)) that has applied for but not yet received not for profit status from the IRS. I am going to prepare the financials as a not for profit and footnote that the exemption application is pending. Is this proper?

EmpireCPA (talk|edits) said:

24 June 2013
Yes.

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