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Not For Profit/Exempt Organizations Blog

Tag Archives: revocation

275,000 Nonprofits Lose Tax-Exempt Status

Posted in Charitable Giving

The IRS announced June 8, 2011 that approximately 275,000 organizations lost their tax-exempt status because they did not file annual returns for three consecutive years. The IRS has published on its website separate lists of affected organizations for each state.

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