AN ONLINE RESOURCE FOR NON-PROFIT ORGANIZATIONS
Online Legal e-Source
This web site is designed to be used as a free tool for current non-profit organizations and individuals wanting to start a
There are many tools available to help ensure that non-profits are in compliance with rules and regulations.
IRS Announces One-Time Filing Relief for Small Exempt Organizations That Failed to File for Three Consecutive Years
Tax-exempt organizations that fail to satisfy annual filing requirements for three consecutive years automatically lose their tax-exempt status. The IRS is providing one-time relief that will allow small exempt organizations to come back into compliance and retain their tax-exempt status even though they failed to file for three consecutive years. If an organization loses its exemption, it will have to reapply to regain its tax-exempt status. Any income received between the revocation date and renewed exemption may be taxable.
This one-time relief benefits Form 990-N (e-Postcard) and Form 990-EZ filers only. Organizations required to file Form 990 or Form 990-PF are not eligible and are automatically revoked if they fail to file for three consecutive years.
For additional information, visit: http://www.irs.gov/charities/article/0,,id=225702,00.html.