Nonprofit and Tax Exempt Problems Solved

Nonprofit and tax exempt organizations, other than religious organizations, must file a
form 990 with the IRS every year. Even though an organization does not owe any taxes,
the penalties for filing late can be substantial, $20 a day up to a maximum of $10,000 per
return or 5% of the organization’s gross receipts.

Attorneys at Magill and Rumsey have helped organizations abate tens of thousands of
dollars in penalties. We have even recovered penalties already paid to the IRS. On one
occasion we were able to get a refund for a client of over $10,000 plus interest that had
been seized from their bank account.