TY 2013 IRS 990 e-File Render
Name:
THE SAN FRANCISCO HOPE FOUNDATION
Software Version:
2013v3.1
Explanation:
TAXPAYER REQUESTS A ONE-TIME RELIEF AND ABATEMENT OF LATE FILING PENALTIES FOR THE REASONS BELOW:THIS WAS THE FIRST FULL YEAR OF OPERATIONS FOR THIS FOUNDATION WHICH COMMENCED OPERATIONS IN DECEMBER OF 2012.TAXPAYER HAD PROVIDED DOCUMENTS TO THE TAX PREPARER BUT THE TAX PREPARER BELIEVED THEM TO BE INCOMPLETE.THE TAX PREPARER INADVERTENTLY DID NOT FILE A TIMELY EXTENSION.TAX PREPARER HAS TAKEN INTERNAL STEPS TO ASSURE THAT AN EXTENSION, IF REQUIRED, WILL BE PROPERLY AND TIMELY FILED IN THE FUTURE.TAXPAYER HAS TAKEN STEPS TO ASSURE FOLLOW-UP WITH THE TAX-PREPARER EACH YEAR TO ENSURE ANY REQUIRED EXTENSION IS TIMELY FILED AND THAT THE TAX RETURN ITSELF IS TIMELY FILED.THERE WAS NO INTENTIONAL DISREGARD OF THE RULES AND REGULATIONS.THE GROSS RECEIPTS OF THIS FOUNDATION ARE IN ACTUALITY VERY SMALL. THE LARGE GROSS RECEIPTS FROM STOCK SALES PRODUCED A SMALL REALIZED LOSS.TAXPAYER REQUESTS RELIEF FROM THE LATE FILING PENALTIES FOR REASONABLE CAUSE.THIS REQUEST IS FOR ONE-TIME RELIEF FROM LATE FILING PENALTIES.