Delaware tax filing

Sean Egan seanegan at
Tue Mar 6 13:01:12 EST 2012

On Tue, Mar 6, 2012 at 6:53 AM, Ethan Blanton <elb at> wrote:
> Sean Egan spake unto us the following wisdom:
>> I got mail from our new Delaware agent, NRAI, that we're required to
>> file a Delaware annual financial report and tax statement at
>> by
>> March 1st. This is the filing we failed to do with the old agent,
>> which led to us being classified as inactive by the state.
>> Ethan, can you take care of this filing? I can help with anything you need.
> All,
> I messed up here.  I assumed that financial reports and taxes would
> not be due before Apr 15 (per Federal individual filing date) or May
> 15 (per Federal nonprofit filing date), despite the fact that Sean
> clearly said Mar 1 in his email.
> I started the process of handling this yesterday, Mar 5, and am
> completing it today, Mar 6.  As you may notice, both of these dates
> are after Mar 1.  For this reason, we owe a late filing penalty of
> $125.00, plus interest of $1.88.  I assume the interest will continue
> to rise until the filing is complete.  The original filing fee is $25,
> so at this point, we owe $151.88.

I'm in favor of paying this full amount. I'll send you addresses off-list.

What is the $1.88 interest on? The $25 filing fee? 7.5% in four days
seems excessive.

> Because the late filing penalty is larger than the incidental expenses
> amount approved in our by-laws, I would like to ask the board to
> approve payment of this amount.  I am going to pay it out of pocket in
> the meantime, to halt interest accrual and put us in good standing
> with the State.
> Sean, I think you have the current contact information for the board.
> I need from you the official corporate address and the addresses of
> the board members, please.
> This situation is entirely my fault, and was avoidable.  I am sorry I
> have allowed it to happen.
> Ethan
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