Our organization filed 990-EZ on time. But the IRS imposed a penalty on us, what would be the reason?
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Last modified 4/19/2024 3:51:07 AM EST |
Applicable To
990-PF
990-N
990-EZ
990
8868
1120-POL
The IRS would have imposed a penalty for any of the following reasons.
Your organization would have,
- Transmitted an incomplete return.
- Provided incorrect information in the return.
To avoid penalties as such, make sure the following things:
- Complete all the required information on the form. In case there's no amount that needs to be reported on a particular line, enter -0- (as per the instructions).
- Provide explanation wherever required, and make sure to attach all the required Schedules.
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