Peninsula Oilers Baseball Club Inc

“THERE ARE ThHREE SETS OF MARRIED COUPLES ON THE BOARD OF DIRECTORS INCLUDING DIRECTORS WHO ARE OFFICIERS”

“Reviewed and signed by a officer”

“UPON REQUEST”

“Change to prior year sales tax accrual = $420”

“Request of penalty abatement for reasonable cause for late filing form 990 and form 990-t for tax year ending september 30, 2023 on tax year 2022 return. Entity would like to request abatement for filing past the extended due-date of august 15, 2024 for the year-end of september 30, 2023, since the extension was in place. The cpa firm began working on preparing these tax returns in june of 2024 after the cpa emailed the board treasurer and assistance bookkeeper for requests of information, ahead of the deadline. One area that the tax preparer requested more information from board president and general manager was identifying if any fixed assets had been disposed of or removed from depreciation schedule. This process took over a month for the volunteer board to return the calls from the board treasurer and had followed up to the cpa by the end of july 2024. The return was completed before the due-date of the return by 08/15/2024, but the cpa firm had not received the signed form 8879-te for both returns, upon the tax preparer returning from vacation realized those two returns had not been filed and immediate action took place to get those returns filed as soon as possible. The entity and the tax preparer believe this error in not having the returned signed forms back before the due-date was not intentionally, neglectful or careless, but a oversight in returning the forms. Moving forward to ensure this does not occur in the future, the entity will begin preparing for annual taxes timelier and closer to the due-date of the return and not wait until after the extension has been filed. We believe these steps will ensure timelier preparation of annual forms.the entity would greatly appreciate abatement for all penalties for this late filing of returns. The nonprofit is set up to promote amateur baseball in our small community of kenai, alaska and all financial support comes from our community. Any unforeseen expenses such as penalties can greatly impact their program.thank you for your consideration.”