Resurrection of Tax-Exempt Status for Organizations Failing to File Returns

in Nonprofit, Publications

The Internal Revenue Service has issued easier procedures for a tax­exempt organization to resurrect its tax­exempt status which has been revoked due to the organization’s failure to file its informational tax return (Form 990) for three consecutive years. This easier procedure applies to organizations which file informational return Forms 990­N (gross receipts of $50,000 or less) or the Form 990­EZ (gross receipts of less than $200,000 and total assets of less than $500,000). . . . 2014 – Resurrection of Tax-Exempt Status for Organizations Failing to File Returns