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.

Last modified 04 Aug 2017 17:08 EST

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