The Internal Revenue Service released this press release and video today, announcing that small nonprofits that have failed to file returns for 2007, 2008 and 2009 can preserve their status by filing before October 15, 2010, under a one-time relief program. There are two types of relief available for small exempt organizations:
1. A filing extension for the smallest organizations required to file Form 990-N, Electronic Notice (e-Postcard)
2. A voluntary compliance program (VCP) for small organizations eligible to file Form 990-EZ, Short Form Return of Organization Exempt from Income Tax
The IRS has also published a list of organizations that have return due dates between May 17 and October 15, 2010, but the IRS has no record that the organization filed the required returns for any of the past three years. Check out the list at www.IRS.gov to ensure your organization is in compliance.
Don’t risk losing your tax-exempt status. File today!