Friday, May 02, 2008

IRS to Offer Second Chance to Charities That Miss Disclosure Deadline - Philanthropy.com

From the Chronicle of Philanthropy

IRS to Offer Second Chance to Charities That Miss Disclosure Deadline - Philanthropy.com: "IRS to Offer Second Chance to Charities That Miss Disclosure Deadline

By Debra E. Blum

The Internal Revenue Service plans to introduce a new program this year for charities in jeopardy of losing their tax-exempt status for failure to file informational tax returns, called Forms 990.

Organizations will be allowed to file their missing forms without penalty, paying only a small fee based on their size."

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