I have a small company on the side.  It is go cart racing in Ohio.  I
do it for a hobby and for fun and charity.  We give things away.  I
move about $25,000 a year through this charity group.

I thought that my accountant/lawyer took care of filing a 501(c)(7)
charitable exemption form that took care of my taxes four years ago. 
However, I just found out that was not the case.  Nothing was ever
filed for this organization.

My question is:
1) What can I do to fix this?
2) What type of penalty or penalties am I facing?

Thanks, 
Lou

Hi Lou, 

Check with Ohio laws. If the state laws are anything like IRS's,
you are note required to file if the charity's income is under $25,000.

If it's over that...well, you should be filing. Get it done quickly. 
Enclose an explanation about why it's late. And you won't have a problem.

Keep waiting, and you're apt to lose your non-profit status - and all those
kind donors will lose their charitable deductions. 

Best wishes

Your TaxMama-ga