Posted By Jonathan D. Moll, CPA
In poker, the “bluff” is an effective strategic play. In nonprofit tax compliance … that is not the case. In 2006 Congress passed the Pension Protection Act requiring most tax-exempt organizations to file an annual information return or notice with the IRS. This week, the Internal Revenue Service released a listing of approximately 275,000 organizations that under the law have automatically lost their tax-exempt status because they have not filed as legally required for the past three years.
Organizations on the Automatic Revocation of Exemption List (Auto-Revocation List) previously recognized as exempt under section 501(c)(3) of the Internal Revenue Code are no longer eligible to receive tax-deductible contributions under Code section 170.
Click the link to view the IRS’ Auto-Revocation of Exemption List. We recommend browsing the list to assure your favorite charity is in the clear.