Vegfest Inc.

“Description: marketing. Amount: 7,057. Description: supplies. Amount: 2,045. Description: insurance. Amount: 281. Description: meals. Amount: 1,246. Description: software. Amount: 283. Description: fuel. Amount: 55. Description: bank fees. Amount: 104. Description: travel. Amount: 525. Description: parking. Amount: 73. Description: books. Amount: 240. Description: promotions. Amount: 304. Description: uniforms. Amount: 1,524. Total to form 990-ez, line 16: 13,737.”

“We are requesting an abatement of the penalties assessed under the "first time penalty abatement (ftpa)". The reason that the taxpayer filed late was due to some changes in the organization. The organization is very small with a part time employee and all volunteers. The organization was unaware of its tax obligations and they didn't realize that they had fallen behind in their tax filings. When this came to their attention the board found a cpa to be able to prepare their returns and bring them up to date in all of their tax filings. The taxpayer has never attempted to evade or avoid paying any type of tax. The first time penalty abatement (ftpa) provides that to qualify for relief under this administrative waiver the taxpayer must meet certain criteria. We believe the organization has met the following criteria: 1) has not been assessed any previous penalties for 3 tax years prior, 2) has filed all tax returns currently due and 3) has paid all taxes currently due in summary, we request an abatement of the penalty under ftpa. Please review your records and advise. Thank you for your attention to this matter.”