Thursday, January 08, 2009
Half a Million Nonprofits Could Lose Their Tax Exemptions
News from guidestar.org:
Half a Million Nonprofits Could Lose Their Tax Exemptions.
Having just FINALLY got final closure on a 501(c)3 after much to-ing and fro-ing with an endless loop of approvals from the Feds and the State and then years after I thought we'd had the final-final step complete, a notice that we were going to be dinged a penalty because we hadn't paid our corporate taxes, I know how nitpicky and all the paperwork for tax-exempt non-profits is.
("But the organization was shut down in 2006!")
("By golly, it was. Looks like we forgot to update the status in our database.")
I know how nitpicky and all the paperwork for tax-exempt non-profits is BUT this is important, folks.
If you volunteer with, work for, or give to a smaller nonprofit, make sure the organization's leadership knows about the 990-N. Encourage acquaintances associated with other small nonprofits to do the same. If they want more information, refer them to the IRS article.
posted by Sal Towse at 11:04 AM|
|
|
Half a Million Nonprofits Could Lose Their Tax Exemptions.
Having just FINALLY got final closure on a 501(c)3 after much to-ing and fro-ing with an endless loop of approvals from the Feds and the State and then years after I thought we'd had the final-final step complete, a notice that we were going to be dinged a penalty because we hadn't paid our corporate taxes, I know how nitpicky and all the paperwork for tax-exempt non-profits is.
("But the organization was shut down in 2006!")
("By golly, it was. Looks like we forgot to update the status in our database.")
I know how nitpicky and all the paperwork for tax-exempt non-profits is BUT this is important, folks.
If you volunteer with, work for, or give to a smaller nonprofit, make sure the organization's leadership knows about the 990-N. Encourage acquaintances associated with other small nonprofits to do the same. If they want more information, refer them to the IRS article.
Labels: goodworks, nonprofits
posted by Sal Towse at 11:04 AM|
|
|
: views from the Hill
Bertold Brecht:
Everything changes. You can make
A fresh start with your final breath.
But what has happened has happened. And the water
You once poured into the wine cannot be
Drained off again.
Everything changes. You can make
A fresh start with your final breath.
But what has happened has happened. And the water
You once poured into the wine cannot be
Drained off again.
