What are the penalties for not filing or incorrect filing of Form 990-EZ?
536 views | Last modified 12/26/2023 12:19:01 AM EST |

Applicable To
990-PF 990-N 990-EZ 990 8868 1120-POL

If Non-profits and Tax-Exempt organizations don’t file form 990-EZ or doesn't file with the correct information and provide the proper reasons for the late filing or incorrect filing, smaller Organizations must pay $20 for each day. The maximum penalty for each return won't exceed the smaller of $10,500 or 5% of the gross receipts of the organization for the year.

A large organization that has gross receipts exceeding $1,067,000 for the tax year must pay $105 a day. The maximum penalty for each return is $53,000 for a large organization.

 

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