08.02.2010

Important IRS Information for Nonprofits

As you may know, thousands of nonprofits in North Carolina are at risk of losing their nonprofit status if they failed to file tax forms- even if the nonprofit had revenues of $25,000 or less- for three consecutive years. The deadline for filing their information has passed, but the IRS is offering a one-time special filing relief program for small charities to allow them to preserve their tax-exempt status. The deadline to take advantage of this program is October 15, 2010. For more information about this issue, please visit the IRS website. Click the "frequently asked questions” link from that page to learn more about the filing relief program and the consequences revocation of tax exempt status will have for nonprofits. Click HERE to download the latest official IRS list of organizations that are in danger of losing their exempt status.

Nonprofit organizations can complete their Form 990 online at the following sites:

Form 990-N (e-Postcard): http://epostcard.form990.org/
Form 990/Form 990-EZ: http://efile.form990.org/

Additional Information

• Frequently Asked Questions - e-Postcard
• Frequently Asked Questions - Automatic Revocation for Not Filing Annual Return or Notice
• Final regulations (July 23, 2009)
• Educational tools : Help spread the word – Help small tax-exempt organizations stay exempt!
• EO Update : Subscribe to Exempt Organization's regular email newsletter that highlights new information posted on the Charities and Non-Profits pages of IRS.gov.