Friday, May 14, 2010
Secretary of State Warns Nonprofits To File
WEST VIRGINIA....
Secretary of State Natalie Tennant is urging nonprofit groups in West Virginia to file paperwork with the IRS by Monday or risk losing their nonprofit status. In the past, only nonprofits that made more than $25,000 had to file Form 990 every year, reporting what they did with their money. But, three years ago, the Internal Revenue Service changed the rule so all nonprofits have to file the form...a change some nonprofits say they weren't aware of. As of Friday morning, a list of organizations in danger of losing their nonprofit status included dozens of local VFW and American Legion posts, school PTAs, church groups and civic groups.
Secretary of State Natalie Tennant is urging nonprofit groups in West Virginia to file paperwork with the IRS by Monday or risk losing their nonprofit status. In the past, only nonprofits that made more than $25,000 had to file Form 990 every year, reporting what they did with their money. But, three years ago, the Internal Revenue Service changed the rule so all nonprofits have to file the form...a change some nonprofits say they weren't aware of. As of Friday morning, a list of organizations in danger of losing their nonprofit status included dozens of local VFW and American Legion posts, school PTAs, church groups and civic groups.
# posted by Homer Owens @ 10:16 AM 
