The IRS now has a provision to revoke the tax-exempt status of charities that do not file three years' worth of tax returns ("information returns").
See the filing requirements here.
Notice the new requirement for the current year- a tax exempt organization with normal gross receipts of $25,000 or less are required to file an annual information notice with the Franchise Tax Board. These organizations will not be penalized for failing to file, but if the organization does not file for three consecutive years it will lose its tax exempt status.
For additional information please call us and we can assist you in filing.
