Premature IRS Notices Revoking Tax-Exempt Status

Date October 26, 2020
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The IRS announced on Thursday that it had sent premature notices to nonprofits indicating that their tax-exempt status had been revoked, citing their inability to change the due date within their systems. The tax-exempt status of nonprofit organizations is automatically revoked if the organization does not file a tax return (Form 990 series) for three consecutive years. This year, some organizations received this notice after they failed to file a tax return by the filing deadline of May 15, 2020, even though an extension to July 15, 2020, had been granted due to the pandemic.

The IRS indicated that it is working with organizations that received premature notices, and it has established a dedicated fax number, 855-247-6123, to receive filings from tax-exempt organizations. The IRS is also processing returns that were paper filed by the extended due date.

Please contact your HBK tax advisor if your organization received a notice that the tax-exempt status has been revoked, or if you have any questions or concerns.

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