PATAX
Level 15
06-22-2021
06:51 PM
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@sjrcpa if they did not mail it then the penalty / interest will be substantial... Years ago a client, an ethnic Club, forgot to mail the 990 form in... The penalty / interest fee I believe was between $2,000 to $3,000... If my memory serves me right IRS ended up waiving the amount... Not sure if it was first-time forgiveness or not...