Wednesday, July 28, 2010

Failed to File a 990? IRS Revocation Relief Possible

From NPML's Dan Sise --The Internal Revenue Service announced July 27 that small nonprofit organizations at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008, and 2009 can preserve their exempt status by filing returns by October 15, 2010. Two types of relief are available for small exempt organizations -a filing extension for the smallest organizations required to file Form 990-N, Electronic Notice (e-Postcard), and a voluntary compliance program (VCP) for small organizations eligible to file Form 990-EZ, Short Form Return of Organization Exempt From Income Tax. Find more information about the filing relief program on
Also on this topic, Guidestar has updated a report --Automatic Revocation of Nonprofits' Tax-Exempt Status: What Nonprofits, Grantmakers, and Donors Need to Know available free at or in a print copy here at the GFC.
Dan will present a program on "The 990, Its Versions and Your Nonprofit;s Tax Exempt Status" here Nov. 10th.