A gift from the IRS – those small nonprofit organizations that missed the filing deadline of May 17, 2010 (automatic revocation on May 18, 2010) can come to the surface for air.
The following is a statement from IRS Commissioner Doug Shulman:
“Now that the May 17 filing deadline has passed, it appears that many small tax-exempt organizations have not filed the required information return in time…I want to reassure these small organizations that the IRS will do what it can to help them avoid losing their tax-exempt status.”
“The IRS will be providing additional guidance in the near future on how it will help these organizations maintain their important tax-exempt status-even if they missed the May 17 deadline. The guidance will offer relief to these small organizations and provide them with the opportunity to keep their critical tax-exempt status intact.”
The Commissioner urged these organizations to “go ahead and file – even though the May 17 deadline has passed.”
To read about how nonprofit organizations were expected to be affected on May 18th, click here to read a recent blog post. Or, for more information, post a comment below or contact our Not-for-Profit Industry Group at 440-449-6800.