Friday, June 10, 2011

IRS ends non profit status for many nonprofit orgs

IRS identifies revoked tax-exempts, provides fix

June 10, 2011

The IRS has published a list of tax-exempt organizations that have lost their tax exemption for failure to file information returns with the IRS for three straight years. The IRS has also published an automatic procedure (Rev. Proc. 2011-33) for such organizations to regain their exempt status. The list can be seen at the following website: http://www.irs.gov/charities/article/0,,id=240099,00.html