Tuesday, May 13, 2014

You've Automatically Lost 501(c)(3) Tax-Exempt Status - Now What? - Nonprofit + Social Enterprise Lawyer | Austin Texas | Cullinane Law Group

You've Automatically Lost 501(c)(3) Tax-Exempt Status - Now What? - Nonprofit + Social Enterprise Lawyer | Austin Texas | Cullinane Law Group: "Why was our nonprofit’s 501(c)(3)tax-exempt status revoked?
Why did this happen?

Until several years ago, charities with revenues of less than $25,000 were not required to file federal tax returns. Then in 2006, Congress passed a law ordering all nonprofits with federal tax-exempt status to submit returns for 2007, 2008 and 2009. The required forms consisted of eight questions requesting basic information such as the group’s name, website and employer identification number."



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