Don't Throw Away Your Tax Exemption
On May 15th, over 1,000 Montana nonprofits will lose their tax-exempt status. Will your nonprofit be one of them? Nonprofits that have not filed a Form 990 with the IRS in the last three years, will lose their status this year. If you have any questions about your status, the Urban Institute's National Center for Charitable Statistics
has developed a simple tool to find out if you need to file. Here's how in 4 easy steps:
|1. Go to this website at the Urban Institute's National Center for Charitable Statistics,
2. Enter your nonprofit's name, uncheck the box titled "Limit to organizations in danger of revocation", and press the submit button,
|Read the story published in the Helena Independent Record on May 9 from an MNA press release of this important nonprofit issue.
3. If there is an alert "FILE NOW" listed by your nonprofit's name under Filing Status, click on that link to electronically file the proper form, and then
4. File a 990 or your nonprofit's tax-exempt status will be revoked on May 17th. Filing by May 15th will prevent your organization from having to pay $750 and submitting an application for tax-exemption with the IRS all over again!
*Important Note: 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.
It's easy to save your tax-exempt status by filing.
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