Our organization filed 990-EZ on time. But the IRS imposed a penalty on us, what would be the reason?
3.7k views |
Last modified 9/21/2020 12:15:20 PM EST |
Added by ExpressTaxExempt Team
Applicable To
990-PF990-N990-EZ99088681120-POL
The IRS would have imposed a penalty for any of the following conditions.
The organization would have
Filed the return late.
Transmitted an incomplete return.
Provided incorrect information in the return.
To avoid penalties as such, make sure your organization
Completes all the applicable lines of the return. In case if there's no amount or information that needs to be reported on a particular line, enter 0.
Answer every question asked in the return unless instructed to skip those questions.
Provide the required explanation in the information return as instructed.
