Gulf Coast Pipe Trades Training

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“Explanation of abatement of penalties -2021The Funds CPA originally attempted to file the 2021 Form 990 EZ electronically. After several attempts, the return was rejected. The CPA then subsequently filed the return by mail on April 4, 2022, to ensure that the return was timely filed and to avoid the assessment of penalties. In September 2022, a letter was received from the IRS, returning the paper return and requesting that the return be filed electronically. The Fund's CPA again attempted multiple times to submit the Form 990 EZ electronically but was rejected since she did not have a copy of the initial determination letter and couldn't determine the specific classification of the Fund's taxable nature under IRC Section 501(c) based on prior years returns and enabling documents of the Fund. She then requested a copy from the Fund's attorney and the Fund office. The Fund's current attorney and Fund office were unable to locate a copy of the determination letter. The former law firm that created the trust was contacted to request a copy of the determination letter since it was the Fund's understanding that Form 1023 was prepared and submitted at the time of creation of the trust. Due to personnel changes experienced by the former law firm over the past few years, it was unable to determine from closed records whether a Form 1023 was actually prepared and submitted when the Fund was created. The current law firm is in the process of preparing and submitting Form 1023, requesting tax-exempt status under IRC Section 501(c)(3). For these reasons, and the good faith attempts to timely file Form 990-EZ, the Fund is requesting that all penalties be abated.”