This document contains official instructions for Form FTB3502 , Nonprofit Corporation Request for Pre-dissolution Tax Abatement - a form released and collected by the California Franchise Tax Board.
Q: What is Form FTB3502?
A: Form FTB3502 is a document used to request pre-dissolution tax abatement for a nonprofit corporation in California.
Q: What is a nonprofit corporation?
A: A nonprofit corporation is a type of organization that is formed for purposes other than generating profit.
Q: What is pre-dissolution tax abatement?
A: Pre-dissolution tax abatement is a process by which a nonprofit corporation can apply to have its tax liabilities forgiven before it officially dissolves.
Q: Who can use Form FTB3502?
A: Form FTB3502 is specifically for nonprofit corporations in California that are seeking pre-dissolution tax abatement.
Q: What information is required on Form FTB3502?
A: Form FTB3502 requires information about the nonprofit corporation's name, address, taxpayer identification number, dissolution date, and reasons for seeking tax abatement.
Q: Are there any fees associated with filing Form FTB3502?
A: No, there are no fees associated with filing Form FTB3502.
Q: How long does it take to process Form FTB3502?
A: The processing time for Form FTB3502 can vary, but it usually takes several weeks.
Q: What happens after submitting Form FTB3502?
A: After submitting Form FTB3502, the California Franchise Tax Board will review the request and notify the nonprofit corporation of their decision.
Instruction Details:
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