Lose your Tax Exempt Status!

Warning! Warning!  Sixty days left and you LOSE!   I feel like R2D2 robot from Star Wars.

Deadline is October 15, 2010 or lose your tax-exempt status.  This program is for those small non-profits that only need to file the e-postcard 990-N with the IRS on an annual basis.

Per the IRS website there  is extensive information of who qualifies and what to do.

So what do YOU do?  ASK your treasurer of your organization - ask if he/she filed the 990-N for the last three years?  If the answer is no or not sure or the other guy must have, then call the IRS at 1-877-829-5500 (toll-free) to determine the organization's status.  Don't rely on the list at the IRS site (see below) as they say it is the best they have and may not be complete.  Lastly - get professional help. Contact me here at this site and I'll point you in the right direction.

At the bottom of this page  there is the chart by states.  The Connecticut list of non-profit organizations that are about to lose their 501(c)3 tax-exempt standing is staggering. Click on Connecticut - there are over 120 pages of organizations listed.  I easily found more than a dozen FOLs that could be out of business in less than two months.