Page 22

- 22 -

.52 Failure to File Tax Return. In the case of any return required to be filed in 2021, the amount of the addition to tax under § 6651(a) for failure to file a tax return within 60 days of the due date of such return (determined with regard to any extensions of time for filing) shall not be less than the lesser of $330 or 100 percent of the amount required to be shown as tax on such returns. .53 Failure to File Certain Information Returns, Registration Statements, etc. For returns required to be filed in 2021, the penalty amounts under § 6652(c) are: (1) for failure to file a return required under § 6033(a)(1) (relating to returns by exempt organization) or § 6012(a)(6) (relating to returns by political organizations): Scenario Daily Penalty Maximum Penalty Organization (§ 6652(c)(1)(A)) $20 Lessor of $10,500 or 5% of gross receipts of the organization for the year. Organization with gross receipts exceeding $1,084,000 (§ 6652(c)(1)(A))

$105

$54,000 Managers (§ 6652(c)(1)(B)) $10 $5,000 Public inspection of annual returns and reports (§ 6652(c)(1)(C)) $20 $10,500 Public inspection of applications for exemption and notice of status (§ 6652(c)(1)(D)) $20 No Limits

(2) for failure to file a return required under § 6034 (relating to returns by certain trust) or § 6043(b) (relating to terminations, etc., of exempt organizations): Scenario Daily Penalty Maximum Penalty Organization or trust (§ 6652(c)(2)(A)) $10 $5,000 Managers (§ 6652(c)(2)(B)) $10 $5,000 Split-Interest Trust (§ 6652(c)(2)(C)(ii)) $20 $10,500 Any trust with gross income exceeding $271,000 (§ 6652(c)(2)(C)(ii))

$105

$54,000