Can Form 843 Adjustment 2011-2023

Instructions and Help about Can Form 843 Adjustment

Are you a CPA that's dealing with a iron arrest penalty notice because you forgot to file your nonprofit clients form 990 on time if you are I just want you to understand that you have the same opportunity available to you to have the penalty abated due to reasonable cause as your client would have if they're the ones who had overlooked the due date a lot of CPAs do work for nonprofits at a greatly reduced price or even free and the majority of their clients are for profits and individuals so sometimes the nonprofit due dates they just slip by unnoticed and it's not really all that unusual for that to happen as long as you and your firm don't have a history of filing returns late you're in a pretty good position to avail yourself of the reasonable cause provisions there is one thing that I want to tell you about though and a lot of CPA don't really seem to know this if you're waiting on the audit for a non-profit and you've extended the form 990 out as far as you can and the audit still isn't finished you've got to file something we just take whatever trial balance you have and file the best form 990 that you that you can then later when the audit number comes in if they're materially different then you can go ahead and amend the return but you know saying that the order the audit isn't finished yet that's a good enough reason to get an extension but you know once the extensions have run out you got to file something form 990 help calm.