Thursday, June 9, 2011
The 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.