A Reminder to Non-Profits…

Regardless of your annual revenue, you MUST have filed a tax return for the years 2007 to 2009 by May 15 or you stand to lose your federal tax exemption.

The federal legislation passed in 2006 required all nonprofits to file tax forms the following year. Previously, only organizations with revenues of $25,000 or more — or the vast majority of nonprofit groups — had to file.

The new law, embedded in the 393 pages of the Pension Protection Act of 2006, also directed the Internal Revenue Service to revoke the tax exemptions of groups that failed to file for three consecutive years. Three years have passed, and thus the deadline looms.

One-Fourth of Nonprofits Are to Lose Tax Breaks (NYT)

Comments are closed.

The Cock'N'Bull RestaurantJim Gaudet and the Railroad BoysCartoonist John CaldwellCaffe LenaHolly & EvanAdvertise on Nippertown!Artist Charles HaymesLeave Regular Radio BehindThe LindaBerkshire On StageAlbany PoetsHudson SoundsDennis Herbert Art