Wednesday, September 01, 2010

IRS Note to Non-Profit Organizations

The Internal Revenue Service is warning that small nonprofit organizations may be at risk of losing tax-exempt status if they have not filed required returns for the last three years (2007 through 2009). Churches are not required to file, but some nonprofits connected to churches may fall under this requirement, put in place with the Pension Protection Act of 2006. Organizations can preserve tax-exempt status by filing returns by Oct. 15 in a one-time relief program. The IRS lists organizations at risk of losing tax-exempt status at www.irs.gov/charities/article/0,,id=225889,00.html