Did your nonprofit organization lose your tax exempt status?

What’s this all about?

In 2010, the IRS has begun revoking the tax-exempt status nonprofit organizations that failed to file a Form 990/990EZ or 990N for three years.

A large number of these organizations are small nonprofits that were not required to file an annual Form 990 because their gross revenues were $50,000 or less and didn’t know about the new IRS requirement.

If your organization has not filed any of the 990/990EZ/990N forms for three years, it is likely your tax exempt status was revoked.

How will I know if my organization has lost its tax-exempt status?

The IRS may have sent a letter. If not, read more here…

OK, I think our tax exempt status was revoked! Now what?

Don’t panic. The IRS has a procedure to get your tax exempt status reinstated. It involves paperwork (the IRS loves paper) and filing fees of $275 or $600.

Here’s a flowchart I designed to explain the IRS procedure in pictures.

We need help getting through this!

I recommend contacting NonprofitElite.com. They work with homeschool groups are are very familiar with helping groups get reinstated. And their fees are very reasonable!

Carol Topp, CPA

HomeschoolCPA.com

Save

Save

Save

Save