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If they don’t fill them out, the revenue becomes taxable

Posted on: April 14, 2022 at 19:41:10 CT

JimD MU

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M.O.B. Votes:

When the IRS invalidates the 501c3 for lack of compliance and fills out the tax forms for them to incur the highest tax, 50% failure to file penalties and interest on the tax debt. So yes, they’ll have to fill out the forms one way or another.

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MESSAGE THREAD

All those IRS forms for not-for-profits are racist - Tigrrrr! MU

- 4/14 16:04:57

They won't spend a minute in jail. - RHAYWORTH MU - 4/14 17:25:44

It's sad, but they are in a protected class like Al Sharpton - Tigrrrr! MU

- 4/14 18:27:29

Moving the funds overseas may be a crime - JimD MU - 4/14 17:38:53

They haven't filled any of those forms out for years. - RHAYWORTH MU - 4/14 17:52:32

If they don’t fill them out, the revenue becomes taxable - JimD MU - 4/14 19:41:10