There is good news (Federal) and not-so-good news (California). First the good news. The Internal Revenue Service today announced a one-time offer to small nonprofit organizations at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008, and 2009. The organizations can preserve their exempt status by filing returns […]
Entries Tagged as 'reporting'
Update Regarding Revocations of Exempt Status: Federal and California
July 26th, 2010 · Comments Off on Update Regarding Revocations of Exempt Status: Federal and California · California Exempt Status, Federal Income Taxes, Loss of Tax-Exempt Staus
Missed the May 17th Filing Deadline? File Return Anyway
May 18th, 2010 · Comments Off on Missed the May 17th Filing Deadline? File Return Anyway · Charity, Federal Income Taxes, Loss of Tax-Exempt Staus
The May 17, 2010 deadline has passed for filing the required information returns. See the post below “Don’t Throw Away Your Tax Exempt Status” IRS Commissioner Doug Shulman issued a statement to reassure small organizations that the IRS will do what it can to help them avoid lose their tax-exempt status. See the following link
Don’t Throw Away Your Tax Exempt Status
April 29th, 2010 · Comments Off on Don’t Throw Away Your Tax Exempt Status · Charity, Federal Income Taxes
IRS has posted new FAQs and an audio interview discussing the automatic revocation of tax-exempt status for failure to file information tax returns. The IRS has an audio “Don’t Throw Away Your Tax Exempt Status.” or a script of the podcast. Also check out the audio “Haven’t Filed a Tax Return in Years” (or a script of […]