Our organization filed 990-EZ on time. But the IRS imposed a penalty on us, what would be the reason?
5.4k views | 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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