275,000 Groups Lose Charity Status After Failing to File Paperwork With IRS
The Internal Revenue Service said that 275,000 nonprofits have lost their tax-exempt status because they did not file legally required documents for three consecutive years. That move trims the number of tax-exempt groups by about 14 percent.
Many of the groups that lost their exemptions are charities, and donors to those organizations cannot claim a charitable deduction for gifts to the groups after the IRS makes the list official.
0 Comments
View Comments
- Companies:
- Internal Revenue Service
Related Content
Comments
%0D%0A%20%20Many%20of%20the%20groups%20that%20lost%20their%20exemptions%20are%20charities,%20and%20donors%20to%20those%20organizations%20cannot%20claim%20a%20charitable%20deduction%20for%20gifts%20to%20the%20groups%20after%20the%20IRS%20makes%20the%20list%20official.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2F275-000-groups-lose-charity-status-after-failing-file-paperwork-with-irs%2F" target="_blank" class="email" data-post-id="18859" type="icon_link"> Email Email
0 Comments Comments