Not For Profit/Exempt Organizations Blog

Tag Archives: revocation

275,000 Nonprofits Lose Tax-Exempt Status

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. … Continue Reading

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

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
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