Transcend PHD Foundation

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Request for FirstTime Penalty Abatement Initial Form 990PF As firsttime founders without prior experience or professional accounting assistance and unaware of the specific filing requirements and due dates This was the Foundations first late filing We filed a timely extension The delay was not due to willful neglect Foundation has retained a professional accountant and established procedures to ensure future timely filings We respectfully request that the late filing penalty be waived under the IRS FirstTime Penalty Abatement FTA policy

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