June 9, 2011
IRS Strips Tax-Exempt Status From 275,000 NonprofitsThe IRS yesterday announced (IR-2011-63) that 275,000 organizations have automatically lost their tax-exempt status for failure to file Form 990s for three consecutive years, and announced (Announcement 2011-35) the publication of the list of those organizations on its website. The IRS also issued guidance (Rev. Proc. 2011-33, Notice 2001-43, Notice 2001-44) on how organizations can apply for reinstatement of their tax-exempt status.
TrackBack URL for this entry:
Listed below are links to weblogs that reference IRS Strips Tax-Exempt Status From 275,000 Nonprofits:
» IRS identifies revoked tax-exempts, provides fix from Roth & Company, P.C.
The IRS has published a list of tax-exempt organizations that have lost their tax exemption for failure to file information... [Read More]
Tracked on Jun 9, 2011 10:05:12 AM