1/4 will lose nonprofit status May 15 (NYT)

According tot he New York Times, as many as 400,000 nonprofit organizations will lose their tax exempt status on May 15, thanks to a provision buried in a 2006 federal bill aimed at pension reform. that directs the IRS to revoke the tax exemptions of groups that failed to file for three consecutive years. Three years have passed, and thus the deadline looms.

Read the article here. Oh, and dont forget to file your 990 or an extention!

 
 
 
 
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