Don't Throw Away Your Tax Exemption
IRS releases revocation list
On June 8, 2011, the IRS released the initial list of nonprofits whose tax-exempt status has been automatically revoked for not filing the IRS Form 990 for three consecutive years. In Montana, this list is comprised of over 1,240 tax exempt organizations including 720 charitable 501(c)(3) nonprofits. Although many of these organizations had likely ceased to operate, there is not doubt that some were / are still operating in Montana communities and were not aware of the new requirement. Please review the list below (sorted by Montana city) and help MNA spread the word to those organizations that are on the list so that they can apply to the IRS for reinstatement.
IRS 990 extension ends Oct 15th
On October 15th, nearly 440 Montana nonprofits could lose their tax-exempt status if they don't file with the IRS. Congress passed a law that now requires all nonprofits to file an annual form with the IRS. Prior to the passage of the new law, small nonprofits with revenue less than $25,000 were exempt from filing annually with the IRS. Now, ALL nonprofits are required to file a Form 990 with the IRS. Organizations that were required to file earlier this year were granted a one-time extension until Oct 15 by the IRS. If they do not file by the deadline, they will lose their tax-exempt status this year. Check to make sure your nonprofit won't be one of them by following these easy steps:
- Go to the IRS's At Risk List.
- Read the information and then click on the list of organizations at risk of automatic revocation.
- Scroll down to find Montana and click on either the PDF or Excel format.
- Search the list by your organization name and EIN number.
- If your name is in the list, go to the IRS's Filing Relief page to file your form.
- There are an additional 72 nonprofits who have a Nov 15 deadline and 16 with a Dec 15 deadline. If you are unsure about your deadline, go to this website at the Urban Institute's National Center for Charitable Statistics, enter your nonprofit's name, uncheck the box titled "Limit to organizations in danger of revocation", and press the submit button. This will tell you when you need to file.
- If your exemption is through a “group exemption” and you believe that the organization that holds the group exemption has filed an annual return with the IRS on behalf of your organization, it is possible that your organization may still be on the National Center for Charitable Statistics’ list. We encourage you to check the list, and if your organization is listed, contact the group holding your exemption to make sure it has filed on behalf of your organization.
You can read MNA's press release about the pending deadline here .
If you have questions about the deadline of filing, please call MNA at 406-449-3717.