990 revocation mid year

[AEIalaska]

I have a nonprofit client that had a 501c3 exemption for many years.  They filed their 990 late and failed to respond to several IRS notices. So, IRS revoked their 501c3 statue effective May 1st, 2021.  We reapplied for 501c3 revocation reinstatement in November. To date have not heard from IRS.  Their 2021 990 tax return is due May 15th providing IRS reinstates their 501c3 status.  If there exempt status is not reinstated, they are still a corporation and would file a corporate tax return that is due on March 15th.  Question is they were still an exempt corporation until May 1st, and from May 2nd to the end of the year they were a regular corporation. Still hoping IRS reinstates and we have no reason to believe they won't since the infractions were minor.  I'm thinking of filing a corporate extension by March 15th, and if IRS does not respond to the reinstatement request by May 15th Ill file a 990 extension.  Help anyone experienced this?  What to do. I sure hate to confuse the IRS by filing any returns as a regular corporation.

[Lion EA]

C-corp returns are due 18 April unless a fiscal year filer.

[AEIalaska]

True but still not sure how to split the year if necessary.

[Lion EA]

If necessary, short-year 990 and short-year 1120. Extend both.

[jklcpa]

Agree with Lion. Extend both and if the IRS reinstates the nonprofit status, the IRS will ignore the extension for the 1120.

[DANRVAN]

16 hours ago, AEIalaska said:

They filed their 990 late and failed to respond to several IRS notices. So, IRS revoked their 501c3 statue effective May 1st, 2021.  We reapplied for 501c3 revocation reinstatement in November.

Did they file for retroactive reinstatement, which would go back to the the date of revocation?  Otherwise I think the postmark date in November is the reinstatement date.

 

 

[schirallicpa]

Its a rare day in this neck of the woods that the IRS doesn't re-instate.  I would try to call the Ogden office.