November 28, 2014

IRS Reminds Small Nonprofits to Satisfy Filing Requirements to Preserve Tax-Exempt Status; One-Time Relief Offer Expires October 15

Small nonprofit organizations that did not file returns for 2007, 2008, and 2009 will be given a one-time reprieve and the opportunity to maintain their tax-exempt status if they file their returns by October 15, according to the Internal Revenue Service (IRS).

IRS Commissioner Doug Shulman said, “We are doing everything we can to help organizations comply with the law and keep their valuable tax exemption. So if you do not have your filings up to date, now’s the time to take action and get back on track.”

Organizations at risk of losing their nonprofit status are listed by state here, along with more information about the relief program and available remedies.

The IRS will revoke tax-exempt status of all small nonprofit organizations that fail to submit their returns by October 15.

Ed. Note: For more on this, take a look at this post by Jim Thomas, who also recommends this CBA article by Peter Nagel.