WHD Blog

D-Day for Nonprofits Starts on May 17

by Douglas A. Pessefall, posted Wednesday, May 12, 2010 12:00 AM

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Nearly all tax exempt or nonprofit organizations (other than churches) are now required to file an annual information return or notice with the Internal Revenue Service (IRS)—even small organizations (those with annual gross receipts of $25,000 or less) that have not traditionally been required to file Forms 990 or 990-EZ and even non-charitable organizations. If any type of nonprofit organization does not file as required for three consecutive years (beginning with taxable years that began on or after January 1, 2007), then a provision that was tucked away in the Pension Protection Act of 2006 provides that the organization’s exempt status is automatically revoked by operation of law. To view the full article, click here.
 
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