IRS Releases Nonfiler Revocation List: "275,000 Nonprofits Are No Longer Tax Exempt!
Estimates are that as many as 2/3rds of this list may be functionally dormant. Even if that’s true, that leaves nearly 100,000 active charities and other nonprofits in a very critical situation.
Let’s take a look at exactly what the ramifications are for an organization on the list:
501(c) status is revoked retroactively with an effective date of May 15, 2010 (the due date of the 2009 Form 990)."
'via Blog this'
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