FAQs on Form 990 Series

What are the penalties for filing Form 990-PF late?

If an organization doesn't file Form 990-PF on time, it must attach an explanation explaining why. Unless the organization can show the late filing was due to a reasonable cause, it must pay $20 for each day ($100 per day if it's a large organization) past the deadline it was filed, not to exceed $10,000 ($50,000 for large organizations) or 5% of the gross receipts for the year.

Related Questions

What is needed to file Form 990-PF?

Are there any schedules or attachments associated with Form 990-PF?

How long does it take to complete a Form 990-PF?

Are all private foundations required to file Form 990-PF?

Can I amend Form 990-PF with TaxBandits?

Last modified 04 Aug 2017 17:08 EST