Hi all,
A question for bookkeepers / treasurers:
Are you a nonprofit group registered as such with state, filing the appropriate regular
tax returns with the state?
We (Queen City Contras, in Burlington, Vermont) receive a nice corporate donation every
year, partly because we are a 501c3 with IRS, through CDSS. But we have not registered
with the state.
Here is the problem: Our bank has stopped accepting checks payable to our dance group,
because regulations require that we have a business account, using a business name that is
registered with the state.
Thanks,
-Brian Appleberry