Wednesday, October 20, 2010
Nonprofits Could Have Status Revoked
WEST VIRGINIA....
The IRS has named about 2,200 small charitable organizations in West Virginia that were in danger of losing their nonprofit status if they failed to meet the final deadline to file taxes. Due to a change in the law passed in 2006, nonprofit organizations that take in $25,000 in revenue or less must now file with the IRS. This past Friday was the final day for these organizations to file. The final list of nonprofit organizations that failed to file will be released in early 2011. Organizations that are named on the list can still contact the IRS to see if there is anything that can be done, but, if the agencies missed the deadline, they may have to reapply for nonprofit status. The nonprofit status for agencies that have not filed will be automatically revoked by January 1, 2011.
The IRS has named about 2,200 small charitable organizations in West Virginia that were in danger of losing their nonprofit status if they failed to meet the final deadline to file taxes. Due to a change in the law passed in 2006, nonprofit organizations that take in $25,000 in revenue or less must now file with the IRS. This past Friday was the final day for these organizations to file. The final list of nonprofit organizations that failed to file will be released in early 2011. Organizations that are named on the list can still contact the IRS to see if there is anything that can be done, but, if the agencies missed the deadline, they may have to reapply for nonprofit status. The nonprofit status for agencies that have not filed will be automatically revoked by January 1, 2011.
# posted by Homer Owens @ 9:34 AM 
