Thursday, October 22, 2020
Forbes, 28,000 Charities Had Tax-Exempt Status Revoked After Trump Administration ‘Error,’ Lawmakers Say:
More than 30,000 nonprofit organizations in the U.S. have had their tax-exempt status automatically revoked by the Internal Revenue Service since May, Democratic lawmakers wrote in a letter to Treasury Secretary Steven Mnuchin, after an “apparent error” by the IRS may have erroneously revoked thousands of organizations’ tax-exempt status. ...
The lawmakers suggest the issue appears to be a mistake by the IRS after the tax filing deadline for organizations was changed from May 15 to July 15, as the IRS’s Automatic Revocation of Exemption List shows many organizations had their exempt status revoked on May 15.