Instructions For Form 1040 -C: Fill & Download for Free

I am in no way a non-profit tax expert, but I am going to disagree with User somewhat, because the instructions for the 501(c)3 application instructions specifically say that while an application is pending the organization should file whatever tax return it would normally be required to file and IRS Publication 557 Page on irs.gov specifically states that 501(c)3 organizations with applications pending should file form 990 (annual return for exempt organizations) and write "application pending" at the top of the form.That would mean assuming you filed your Form 1023 Application in 2012, for 2012 and 2013, you should not have filed Schedule C for the non-profit, but should have filed Form 990. To correct that you would need to file amended Forms 1040 for each year removing the schedule C income and also file the Forms 990 that you should have filed for those years. The downside to this is, there may be penalties for filing the Form 990's late and since you incurred a loss in the non-profit the amended 1040 is actually going to increase your taxable income.

The IRS will eventually catch up to you. I suggest you contact the IRS and explain you will file your returns as soon as possible! I have given you an example of a court case for non-filing returns and the consequences in penalties and interest which may result in non-filing/non-payment of your tax returns. Also, I’ve included additional information that I hope will be helpful in you filing as soon as possible.For example:Date: December 18, 2019Contact: [email protected] J. Palermo, 46, of Omaha, Nebraska, was sentenced to 4 years of federal probation today before United States District Judge Brian C. Buescher for three counts of willful failure to file income tax returns for the 2012, 2013, and 2014 tax years. Judge Buescher also ordered that Palermo should pay a $35,000 fine along with $21,209 in restitution. As part of the probation requirement, Palermo must also complete 120 hours of community service.Palermo pleaded guilty to an Information which alleged that he willfully failed to file federal income tax returns, commonly referred to as Form 1040, for the 2012, 2013 and 2014 tax years, even though he received gross income in those years of $145,434, $220,400, and $129,612, respectively. The defendant admitted in court that he failed to file returns within the time required by law."Mr. Palermo admitted in a courtroom to willfully violating the tax laws," said Karl Stiften, Special Agent in Charge of IRS Criminal Investigation. "As we approach the filing season, it is important for people to have confidence that when they pay their taxes, their neighbors and co-workers are doing the same."IR-2019-81, April 29, 2019WASHINGTON — While the federal income tax-filing deadline has passed for most people, there are some taxpayers who have not yet filed their tax returns. The Internal Revenue Service encourages them to file now, even if they can’t pay to avoid potential penalties and interest.There are many ways the IRS offers help to taxpayers facing this situation. The IRS offers these simple tips for handling some typical after-tax-day issues:For those who didn’t file by the April deadlineThere is no penalty for filing late if a refund is due. Penalties and interest only accrue on unfiled tax returns if taxes are not paid by April 15, the tax filing deadline this year in most states. Because of local holidays, the deadline for taxpayers living in Maine or Massachusetts was April 17, 2019.Anyone who did not file and owes tax should file a tax return as soon as they can and pay as much as possible to reduce penalties and interest. IRS Free File is still available on An official website of the United States government through Oct. 15 to prepare and file returns electronically.Some taxpayers may have extra time to file their tax returns and pay any taxes due. Some disaster victims, military service members and eligible support personnel in combat zones, and U.S. citizens and resident aliens who live and work outside the U.S. and Puerto Rico, have more time to file and pay what they owe.For taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year, the IRS provided penalty relief. This means that the IRS is now waiving the estimated tax penalty for any taxpayer who paid at least 80 percent of their total tax liability during the year through federal income tax withholding, quarterly estimated tax payments or a combination of the two.What happens to those who wait to file?Filing soon is especially important because the late-filing penalty and late-payment penalty on unpaid taxes adds up quickly under the law. Ordinarily, the failure-to-file penalty is 5 percent of the tax owed for each month or part of a month that a tax return is late; However, this penalty is reduced for any month where the failure to pay penalty also applies. The basic failure-to-pay penalty rate is generally 0.5 percent of unpaid tax owed for each month or part of a month. For more see IRS.gov/penalties.But if a return is filed more than 60 days after the April due date, the minimum penalty is either $210 or 100 percent of the unpaid tax, whichever is less. This means that if the tax due is $210 or less, the penalty is equal to the tax amount due. If the tax due is more than $210, the penalty is at least $210.In some instances, a taxpayer filing after the deadline may qualify for penalty relief. For those charged a penalty, they may contact the IRS and provide an explanation of why they were unable to file and/or pay by the due date.Additionally, taxpayers who have a history of filing and paying on time often qualify for penalty relief. A taxpayer will usually qualify if they have filed and paid timely for the past three years and meet other requirements. For more information, see the first-time penalty abatement page on An official website of the United States government.Owe taxes or need to make a payment?Taxpayers who owe taxes can view their balance, pay with IRS Direct Pay , by debit or credit card or apply online for a payment plan, including an installment agreement. Before accessing their tax account online, users must authenticate their identity through the Secure Access process. Several other electronic payment options are available on IRS.gov/payments. They are secure and easy to use. Taxpayers paying electronically receive immediate confirmation when they submit their payment. Also, with Direct Pay and the Electronic Federal Tax Payment System (EFTPS), taxpayers can opt in to receive email notifications about their payments.‘Where’s My Refund?’Taxpayers who are due a tax refund can track it at “Where’s My Refund?,” available on An official website of the United States government, IRS2Go and by phone at 800-829-1954. To use this tool, taxpayers need the primary Social Security number on the tax return, the filing status (Single, Married Filing Jointly, etc.) and the expected refund amount. The tool updates once daily, usually overnight, so checking more frequently will not yield different results.Changing withholding?Because of the far-reaching tax changes that went into effect last year, the IRS urges all employees, including those with other sources of income, to perform a paycheck checkup. Doing so now will help avoid an unexpected year-end tax bill and possibly a penalty. The easiest way to do that is to use the Withholding Calculator, available on An official website of the United States government.Need to fix an error on a tax return?After filing their return, taxpayers may discover that they made an error or omitted something. Usually, an amended return is not necessary if a taxpayer makes a math error or neglects to attach a required form or schedule. Normally the IRS will correct the math error and notify the taxpayer by mail. Similarly, the agency will send a letter requesting any missing forms or schedules. Taxpayers can use the Interactive Tax Assistant — Should I File an Amended Return? — to see if they should file an amended return or make other changes.File an amended tax return to change the filing status or to correct income, deductions or credits shown on the originally-filed tax return. Form 1040- X, Amended U.S. Individual Income Tax Return (PDF), must be filed by paper and is available on IRS.gov/forms at any time. Those expecting a refund from their original return should wait until after they receive it to file the amended return.Then use "Where's My Amended Return?" tool to track the status of an amended return. Normally, status updates are available starting three weeks after the amended return is filed. Allow up to 16 weeks for processing.Need help responding to an IRS notice or letter?An IRS notice or letter will explain the reason for the contact and give instructions on how to handle the issue. Most questions can be answered by visiting “Understanding Your Notice or IRS Letter” on An official website of the United States government. Taxpayers can call the phone number provided in the notice if they still have questions. If the issue can’t be resolved with the IRS through normal channels, contact the local Taxpayer Advocate Service office or call 877-777-4778.You may find additional information at this website: For those who missed the tax-filing deadline, IRS says file now to avoid bigger billI hope you have found this information helpful.