On July 26, 2010, the Internal Revenue Service (IRS) announced that small nonprofit organizations with filing due dates between May 17, 2010 and October 15, 2010 at risk of losing their tax-exempt status because of failure to file required returns for 2007, 2008, and 2009 can preserve their status by filing returns by October 15, 2010.
In a press call with reporters, IRS Commissioner Douglas Shulman said that they want to do everything possible “to help organizations comply with the law and keep their valuable tax exemption.”
Two types of relief will be available for small tax-exempt organizations:
The Pension Protection Act of 2006 (Pub. L. No. 109-280) changed the filing requirements for smaller exempt organizations, effective at the beginning of 2007. It required all exempt organizations, except churches and church-related organizations, to file an annual return with IRS.
For more information, visit www.irs.gov and search “IR-2010-87.”
As reported on the IRS website, July 26, 2010