Yonder Life

“Income: gross receipts: 535. Returns and allowances: 0. Less cost of goods sold: 0. Gross profit: 535.”

“Description: advertising. Amount: 2,475. Description: bank fees. Amount: 1,983. Description: operational. Amount: 197. Description: money wired - yonder ministires. Amount: 104,654. Description: travel. Amount: 8,768. Total to form 990-ez, line 16: 118,077.”

“Taxpayer is requesting abatement requesting abatement of penalties for reasonable cause. Taxpayer had reasonable cause and was under the impression that the prior cpa had filed a timely extension before may 15, 2023. Taxpayer then filed their 990 tax return on june 29, 2023 and later received a letter that they filed late. The taxpayer then went back to the prior cpa only to learn that the cpa misinformed the taxpayer and no extension had been sent. The taxpayer is requesting a one time forgiveness and abatement of the late filing penalty charges posed upon them. These charges would be a heavy burden on the taxpayer as their business is primarily for non-profit purposes. Taxpayer has taken proactive steps to ensure this mistake will not happen again. This includes going forward with a new cpa who specializes in 990 tax work.”