Musings on family history, regional history, book reviews, and miscellaneous observations and comments by a genealogist and librarian living near the Great Smoky Mountains in East Tennessee.
Wednesday, July 28, 2010
Is Your Organization at Risk of Losing Its Tax-Exempt Status?
I saw an article on one of the local television station web sites that was encouraging people to check the IRS list of organizations at risk of losing their tax-exempt status to make sure that theirs was not listed. I'm not sure what types of organizations that I expected to see on the list as I clicked one state, but I was alarmed at what I did see. There are many historical societies, Friends of the Library organizations, cemetery associations, fraaternal organizations, and DAR chapters among those in danger. According to the IRS site, "Tax-exempt organizations that do not satisfy annual filing requirements for three consecutive years automatically lose their tax-exempt status. The IRS is providing one-time relief for such organizations that have filing due dates on or after May 17 and before October 15, 2010. The list includes organizations for which the IRS does not have a record of a required annual filing for 2007 and 2008, and whose 2009 return, due on or after May 17 and before October 15, 2010, has not yet been received." PLEASE CHECK to make sure that organizations with which you are affiliated are not included on the list. There is a PDF or Excel file available for each state.
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