IRS Announces 275,000 Nonprofits Will Lose Exemption Status

The Chronicle Of Philanthropy:

The Internal Revenue Service said today that 275,000 nonprofits have lost their tax-exempt status because they did not file legally required documents for three consecutive years. That move trims the number of tax-exempt groups by about 14 percent.

Read the whole story: The Chronicle Of Philanthropy

Comments

[Sandy Deja]

10:34 PM on 06/22/2011

The IRS is offering transitional relief for small revoked groups. It's one of the best deals I've seen in my four decades of professional involvement with non-profit taxes. If you can honestly say there is still a need for your non-profit, and you feel you can muster the human and other resources needed to sustain it, don't pass up this opportunity to regain your tax exempt status.

There are no shortcuts. You will have to fill out a new exemption application and pay an IRS User Fee. But for organizations with annual gross receipts normally less than $50,000, the User Fee will be reduced to only $100 and reinstatement will be retroactive. The offer is only good through December 31, 2012. You can find the details in IRS Notice 2011-43.
[http://www.irs.gov/pub/irs-drop/n-11-43.pdf]

[bgofca]

12:52 AM on 06/10/2011

they should take away tax exempt status for churches, synagogues and mosque and other religious organizations, or at least only allow them to receive exemption for money that was spent on someone outside their church, and not towards anti gay, anti women's rights, etc.

[troyrobertdavid]

10:55 AM on 06/10/2011

I clicked on this story just to make that same comment.

[Rory Canfield]

12:33 PM on 06/10/2011

I think they should take away the tax exempt status on everything, including organizations like MoveOn.org and gay rights organizations with tax exempt status'.