News & Events
Erroneous Penalty Notices Received by Some Tax-Exempt Organizations
In December 2011, the IRS gave some tax-exempt organizations relief from filing their returns due in January and February 2012 due to the IRS system being down. The organizations affected were granted an automatic extension to allow them to file electronically between March 1 and March 30, 2012. However, some organizations have received penalty notices from the IRS for late filing even though they had the automatic extension.
The IRS has advised practitioners in an email that, if an organization had a due date of January 17, 2012 or February 15, 2012, and filed a Form 990, 990-EZ, 990-PF or 1120-POL in March and received Notice CP 141L in error, they should take the following steps to request penalty abatement:
- Call the number listed at the top of the notice: 1-877-829-5500
- Request that the IRS abate the penalty in accordance with Notice 2012-4
Michelle Y. Hatch, CPA, is a Principal with BlumShapiro, the largest regional accounting, tax and business consulting firm based in New England, with offices in West Hartford and Shelton, CT and Boston and Rockland, MA. The firm serves as business advisors for today’s leading companies, non-profit organizations and government entities, working to strategically tailor and consistently deliver tested solutions for unlocking an organization’s full potential. For more information about BlumShapiro, visit blumshapiro.com.