2024-11-15T17:16:37-06:00 2023-06-30 475284605 ERIC ZHANG & ASSOCIATES LLP 920 HILLVIEW CT 180 MILPITAS CA 95035 990PF 2022-07-26 320734240 ART FAIRY ARTF 6266960909 440 E HUNTINGTON DR 319 SAN MARINO CA 91006 DIANA XIAORAN HAN CEO 6266960909 2024-11-15 1 0 ERIC ZHANG CPA P00548506 6265812266 2022 2024-10-15 13:58:12Z X X X 0 X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 CA 1 0 0 0 1 N/A DIANA HAN 6266960909 440 E HUNTINGTON DR 319 ARCADIA CA 91006 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DIANA XIAORAN HAN 440 E HUNTINGTON DR 319 ARCADIA CA 91006 CEO 10.00 0 0 0 IRENE YITIAN XUE 440 E HUNTINGTON DR 319 ARCADIA CA 91006 SECRETARY 10.00 0 0 0 NAN XUE 440 E HUNTINGTON DR 319 ARCADIA CA 91006 CFO 10.00 0 0 0 NONE 0 NONE 0 N/A 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 2022-07-26 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 POTENTIAL PENALTY WAIVER LETTER FORM 990 PF DIANA XIAORAN HANCEOART FAIRY440 E HUNTINGTON DR #319SAN MARINO, CA 91006DIANAHAN0909@GMAIL.COM626-696-090911/12/2024DEPARTMENT OF THE TREASURYINTERNAL REVENUE SERVICEREQUEST FOR PENALTY ABATEMENT DUE TO FIRST-TIME FILING ISSUE ART FAIRYEIN: 32-0734240DEAR SIR OR MADAM,I HOPE THIS LETTER FINDS YOU WELL. I AM WRITING TO FORMALLY REQUEST THE ABATEMENT OF PENALTIES RELATED TO THE LATE FILING OF OUR NONPROFIT ORGANIZATION'S FORM 990-PF FOR THE 2022 TAX PERIOD. WE FULLY ACKNOWLEDGE THAT THE FILINGS WERE SUBMITTED LATE, BUT WE WOULD LIKE TO EXPLAIN THE CIRCUMSTANCES AND REQUEST YOUR CONSIDERATION FOR RELIEF UNDER THE FIRST TIME ABATEMENT (FTA) POLICY.THE DELAY WAS DUE TO A MISUNDERSTANDING OF THE FILING REQUIREMENTS AND THE STATUS OF THE ORGANIZATION. WHILE WE INITIALLY BELIEVED THE NONPROFIT WAS FULLY SET UP AND OPERATIONAL, IT WASN'T UNTIL THIS YEAR THAT WE REALIZED THE APPLICATION FOR TAX-EXEMPT STATUS HAD NOT BEEN PROPERLY COMPLETED. AS A RESULT, WE DID NOT FILE THE NECESSARY RETURNS FOR OUR FIRST YEAR OF OPERATION.UPON DISCOVERING THIS OVERSIGHT, WE IMMEDIATELY REACHED OUT TO OUR CURRENT CPA TO RESOLVE THE ISSUE. OUR CPA HAS FILED THE 2022 FORM 990-PF RETURN WITH 2023 RETURN FILED ON TIME AND IS IN THE PROCESS OF COMPLETING THE NECESSARY STEPS TO FORMALIZE OUR TAX-EXEMPT STATUS.WE UNDERSTAND THE IMPORTANCE OF COMPLIANCE AND HAVE TAKEN THE NECESSARY STEPS TO ENSURE THIS ISSUE WILL NOT HAPPEN AGAIN. THIS IS THE FIRST INSTANCE OF A LATE FILING FOR OUR ORGANIZATION, AND WE RESPECTFULLY REQUEST THAT, FOLLOWING THE IRS FIRST TIME ABATEMENT POLICY, ANY PENALTIES ASSOCIATED WITH THESE LATE FILINGS BE WAIVED.WE UNDERSTAND THE IMPORTANCE OF MEETING ALL FILING DEADLINES AND ADHERING TO THE IRS REGULATIONS. AS SUCH, WE ARE COMMITTED TO ENSURING THAT ALL FUTURE RETURNS WILL BE FILED ON TIME AND THAT ANY APPLICABLE TAXES WILL BE PAID PROMPTLY. WE WILL ALSO CONTINUE TO OPERATE OUR ORGANIZATION IN FULL COMPLIANCE WITH THE RULES AND REGULATIONS GOVERNING NONPROFIT ENTITIES.GIVEN THAT THIS IS OUR FIRST INSTANCE OF A LATE FILING, WE RESPECTFULLY REQUEST THAT, IN ACCORDANCE WITH THE IRS FIRST TIME ABATEMENT POLICY, ANY PENALTIES ASSOCIATED WITH THESE LATE FILINGS BE WAIVED.WE TRULY APPRECIATE YOUR UNDERSTANDING AND CONSIDERATION OF OUR REQUEST. PLEASE DO NOT HESITATE TO CONTACT US AT 626-696-0909 OR DIANAHAN0909@GMAIL.COM IF YOU REQUIRE ANY ADDITIONAL INFORMATION.THANK YOU FOR YOUR TIME AND ATTENTION TO THIS MATTER. WE LOOK FORWARD TO YOUR FAVORABLE RESPONSE.SINCERELY,DIANA XIAORAN HAN, CEO OF ART FAIRY