{"id":391,"date":"2010-10-04T10:34:23","date_gmt":"2010-10-04T15:34:23","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=391"},"modified":"2010-10-04T10:34:23","modified_gmt":"2010-10-04T15:34:23","slug":"ten-things-tax-exempt-organizations-need-to-know-about-the-oct-15-due-date","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=391","title":{"rendered":"Ten Things Tax-Exempt Organizations Need to Know About the Oct. 15 Due Date"},"content":{"rendered":"

A crucial filing deadline of Oct. 15 is looming for many tax-exempt organizations that are required by law to file their Form 990 with the Internal Revenue Service or risk having their federal tax-exempt status revoked.\u00a0 Nonprofit organizations that are at risk can preserve their status by filing returns by Oct. 15, 2010, under a one-time relief program.<\/p>\n

The Pension Protection Act of 2006 mandates that most tax-exempt organizations must file an annual return or submit an electronic notice, with the IRS and it also requires that any tax-exempt organization that fails to file for three consecutive years automatically loses its federal tax-exempt status.<\/p>\n

Here are 10 facts to help nonprofit organizations maintain their tax-exempt status.<\/p>\n

    \n
  1. Small nonprofit organizations at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008 and 2009 can preserve their status by filing returns by Oct. 15, 2010.<\/li>\n
  2. Among the organizations that could lose their tax-exempt status are local sports associations and community support groups, volunteer fire and ambulance associations and their auxiliaries, social clubs, educational societies, veterans groups, church-affiliated groups, groups designed to assist those with special needs and a variety of others.<\/li>\n
  3. A list of the organizations that were at-risk as of the end of July is posted at IRS.gov along with instructions on how to comply with the new law.<\/li>\n
  4. Two types of relief are available for small exempt organizations \u2014 a filing extension for the smallest organizations required to file Form 990-N<\/a>, Electronic Notice and a voluntary compliance program for small organizations eligible to file Form 990-EZ<\/a>, Short Form Return of Organization Exempt From Income Tax.<\/li>\n
  5. Small tax-exempt organizations with annual receipts of $25,000 or less can file an electronic notice Form 990-N<\/a> also known as the e-Postcard. To file the e-Postcard go to the IRS website and supply the eight information items called for on the form.<\/li>\n
  6. Under the voluntary compliance program, tax-exempt organizations eligible to file Form 990-EZ<\/a> must file their delinquent annual information returns by Oct. 15 and pay a compliance fee.<\/li>\n
  7. The relief is not available to larger organizations required to file the Form 990<\/a> or to private foundations that file the Form 990-PF<\/a>.<\/li>\n
  8. Organizations that have not filed the required information return by the extended Oct. 15 due date will have their tax-exempt status revoked.<\/li>\n
  9. If an organization loses its exemption, it will have to reapply with the IRS to regain its tax-exempt status and any income received between the revocation date and renewed exemption may be taxable.<\/li>\n
  10. Donors who contribute to at-risk organizations are protected until the final revocation list is published by the IRS.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    A crucial filing deadline of Oct. 15 is looming for many tax-exempt organizations that are required by law to file their Form 990 with the Internal Revenue Service or risk having their federal tax-exempt status revoked.\u00a0 Nonprofit organizations that are … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-391","post","type-post","status-publish","format-standard","hentry","category-nonprofits"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=391"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/391\/revisions"}],"predecessor-version":[{"id":392,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/391\/revisions\/392"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}