| Identifier | Return Reference | Explanation |
|---|---|---|
| General Explanation Supplemental Information for Form 990-PF | Reasonable cause for Late Filing 2021 Form 990-PF-------------------------------------------------According to IRM 20.1.1.3.2 (Reasonable Cause), the IRS provides relief from a penalty based on reasonable cause when the taxpayer exercised ordinary business care and prudence in determining tax obligations but was nevertheless unable to comply with those obligations.The organization was unable to file 2021 Form 990-PF by the due date of May 16 2022 because the IRS approved the organization for exempt status on July 12 2022 with an effective date of May 12 2020. The organization was approved for exempt status after the due date of the 2021 tax return; thus, the taxpayer has reasonable cause for late filing 2021 Form 990-F.Ordinary business care and prudence was exercised by the organization. The organization engaged an accounting and tax firm to prepare the books and tax returns in December 2022. However, due to the severe winter storms in California in January and February 2023 (EM-3592-CA), the organization could not access and gather information (such as bank statements) needed to prepare the books and for return preparation until November 2023. As soon as information was provided to the accounting and tax firm, the books and tax returns were prepared and filed:2020 Form 990-PF mailed to IRS January 20242021 Form 990-PF efiled to IRS January 20242022 Form 990-PF efiled to IRS November 16 2023 (timely filed due to EM-3592-CA)Based on the facts presented above, the organization requests that no penalty be assessed (or penalty be removed) based on reasonable cause.Under penalties of perjury, the organization declares that the facts presented above are true, correct, and complete. |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Bank Charges | 492 |