OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Non Profits, Struggling with Tax Exempt Status?

Press Release

Date: Aug. 1, 2011
Issues: Taxes

Last year, many non-profit organizations lost their tax-exempt status as a result of the new filing requirements enacted by the Pension Protection Act of 2006. The new requirement automatically revokes an organization's tax exempt status if that organization does not complete all reporting requirements for three consecutive years.

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The IRS is not charging a penalty for losing your tax-exempt status. There is a filing fee and the process will take about 90 days.


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