From: "Seymour, Janet I - WHS" <Janet.Seymour@wisconsinhistory.org> Date: Thu, 13 May 2010 13:44:12 -0500 Subject: List Serve FW: important tax exempt status information Message-ID: <488E289A5C909049B0E55F6B651B5B35019F0251AD10@MEWMAD0PC01G02.accounts.wistate.us>
List Serve members,
Some of you may have heard recent news stories about the IRS issuing a noti
ce about automatic revocation of non-profit status for tax-exempt organizat
ions who have not filed for three consecutive years. The recent news storie
s from MN mention that as many as 4,000 non-profit organizations may be at
risk of losing their status in that state.
Please follow the link below and read the information if there is ANY quest
ion about your organization's status with the IRS.
Thank you,
Janet
http://www.irs.gov/charities/article/0,,id=217087,00.html
Automatic Revocation for Not Filing Annual Return or Notice
Most tax-exempt organizations, other than churches, must file a yearly retu
rn or notice with the IRS. If an organization does not file as required for
three consecutive years, the law provides that it automatically loses its
tax-exempt status. Loss of exempt status means an organization must file in
come tax returns and pay income tax, and its contributors will not be able
to deduct their donations.
The critical deadline is May 17 for organizations that use the calendar yea
r as their fiscal year. What must be filed this year depends on the organiz
ation’s financial activity.
(In the past, non-profits whose gross receipts totaled less than 25,000 per
year were exempt from filing, but that rule has changed. All organizations
must file a 990, although if gross receipts are less than 25,000, then you
may file the 990-N, the e-postcard.)
The WHS cannot check on your status on your behalf - if there is a question
if your organization is in compliance, please contact the IRS directly.
Telephone Assistance for Exempt Organizations, Retirement Plan Administrato
rs, and
Government Entities:
Toll-Free, 1-877-829-5500
Hours of Operation: Monday – Friday, 7:00 a.m. to 5:30 p.m. Central Time
.
Janet Seymour
Field Services Representative - Northern Region, Wisconsin Historical Socie
ty
c/o Department of History, UW-Eau Claire
105 Garfield Avenue Eau Claire WI 54701
Voice: 715-836-2250
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