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If I file a 990-EZ for the Aug, 2010 filing, is there a penalty

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If I file a 990-EZ for the Aug, 2010 filing, is there a penalty because I didn't know it was necessary since operations ceased in June 2010.
Submitted: 5 years ago.
Category: Tax
Expert:  CGCPA replied 5 years ago.

Welcome to Just Answer. I am here to help you resolve your tax and finance concerns. Please feel free to ask anytime you need extra help.

Yes, a penalty of $20 per day for late filing will be assessed. However, if you attach a cover letter explaining the situation causing the late filing the penalties can be abated. Send the return and cover letter to:

Internal Revenue Service


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