Tax exempt organizations are required to file an annual return with the IRS. If the organization fails to do so for three consecutive years, the exempt organization automatically loses its exempt status. The IRS announced today one-time relief benefits for Form 990-N and Form 990-EZ filers that have failed to file for the previous three years.
Please note that the relief does not include organizations that are required to file a Form 990. To read more about this one time exemption, click here. The IRS provided a list of organizations that are at risk of automatic revocation. You can view the list here.
If you need help with your annual filing requirements, please contact us. We will walk you through the process and help you stay in compliance.