Non-profit organization filed 1023-EZ; now gross receipts received over threshold
Non-profit organization get an 501(c )(3) exempt status approved by IRS five years ago. The CPA originally filed form 1023-EZ, which is very easier and a streamlined form for Form 1023 and it was approved very fast. Now actually the annual gross receipts are over the threshold.
The CPA filed form 1023 to furnish more information to IRS and the form was rejected. Reason: the NPO already got exempt status.
I think they just need to file 990 for tax return rather than 990-N e-postcard for the future years when NPO’s gross receipts are over threshold.
Anyone can see any potential risk?
Thank you!