The IRS has extended the filing due date for small nonprofits to retain their tax-exempt status until Oct. 15.
Starting in 2007, the smallest charitable organizations had to begin filing annual tax returns for the first time. An organization failing to file for three consecutive years as of May 17 would lose its tax-exempt status.
Now these organizations have until Oct. 15 to file.
“If you don’t have your filings up to date, now is your time,” said IRS Commissioner Doug Shulman. “The last thing we at the IRS want to do is have these groups lose their tax-exempt status.”
Organizations that have not filed for the three years will have their names posted on the IRS website to alert them that they are at risk of losing their exemption.
The smallest organizations with gross receipts of $25,000 or less can file the Form 990-N (e-Postcard) online to come back into compliance. Larger organizations that file Form 990-EZ must file the three delinquent returns by the October deadline and pay a fee ranging from $100 to $500.
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