Legal Alert: Relief for Organizations That Have Failed to File Form 990 for Three Consecutive Years
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.