Legal Alert: Relief for Organizations That Have Failed to File Form 990 for Three Consecutive Years
August 06, 2010
The Pension Protection Act of 2006 requires that organizations with gross receipts not greater than $25,000 file a Form 990-N, also known as the "e-Postcard". Failing to file for three years would result in automatic loss of tax-exempt status.
It has now been three years since the Act provisions have become effective, and a number of organizations are at risk of losing their tax-exempt status. To assist certain of these small organizations, the IRS is providing one-time relief ("IRS Relief Program") for two types of organizations.
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