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Not For Profit/Exempt Organizations Blog

Monthly Archives: January 2011

National Taxpayer Advocate Recommends Statute of Limitations on Revocation of Tax-Exempt Status

Posted in Charitable Giving

On the last day of 2010, the National Taxpayer Advocate, in its tenth annual report to Congress, recommended that Congress enact a statute of limitations on revocation of a charity’s tax-exempt status, to run concurrently with the current period of limitation on assessments. That period generally is (absent fraud, tax evasion or non-filing) either three or… Continue Reading