Small Non-profits Risk Losing Status

more+
less-

Thousands of small non-profit agencies risk losing their non-profit status after Monday, May 17. Monday is the deadline for non-profit organizations with less than $25,000 revenue per annum to file Form 990-N to the IRS. If an organization has not filed for 3 consecutive years, it loses its status automatically, according to an amendment in the tax code made 3 years ago.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »