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Nonprofits Risk Tax-Exempt Status by Patrick Sweet is a document available to read on EtoBox.

What is Nonprofits Risk Tax-Exempt Status about?

- Nonprofits with over $25,000 in gross receipts must file an IRS Form 990 annually or risk losing their tax-exempt status. Over 400 organizations, including a firefighters union, are at risk of losing this status for failing to file for 3 consecutive years. - The IRS is giving these at-risk organizations until October 15th to submit the required filings and preserve their tax exemptions. They recognize that many small nonprofits were unaware of the filing requirement. - Even defunct organizations like vet

Author

Patrick Sweet

Language

EN