In a 2-3 page paper using APA/ CSU-Global guidelines, explain why it is important for a 501(c)(3) human-services organization to file annual information returns with the IRS. In your explanation address the function of these documents. Describe the possible implications of failing to adhere to these IRS requirements.

Please address the following questions.

• Explain the purpose of Form 990. Summarize why it is an important document for a 501(c)(3).
• Interpret what is meant by a “public Inspection of annual information returns.”
• Identify the possible penalties for a 501(c)(3) failing to comply with the above items.