Revocation of Exempt Status Looming In Just Days - The NonProfit Times Oct 5, 2010

Revocation of Exempt Status Looming In Just Days - The NonProfit Times Oct 5, 2010: "Revocation of Exempt Status Looming In Just Days

By Mark Hrywna

Nonprofits have little more than a week to make sure the appropriate tax forms are filed with the Internal Revenue Service (IRS) – or risk losing their tax-exempt status.

Lois Lerner, director of the Exempt Organizations Division at the IRS, reminded a conference of state charity officials that the deadline for charities -- no matter their size -- to file the correct Form 990 is Oct. 15. Nonprofits that fail to file will have their exemptions revoked.

Dozens of charity regulators and nonprofits gathered in Silver Spring, Md., for the annual conference of the National Association of State Charity Officials (NASCO) and the National Association of Attorneys General (NAAG)."