Forgot to file Form 990-EZ?

No worries the IRS will send you a letter to the address on file to notify the organization to submit the required form. If an organization whose gross receipts are less than $1,000,000 for its tax year files its Form 990 after the due date (including any extensions), and the organization doesn’t provide reasonable cause for filing late, the Internal Revenue Service will impose a penalty of $20 per day for each day the return is late. However, organizations that fail to file required Forms 990, 990-EZ, or 990-N for three consecutive years will automatically lose their tax-exempt status. A revocation of the organization’s tax-exempt status will occur on the filing due date of the third consecutively missed a year. All tax-exempt organizations must provide proof of their income every year.

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