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Thursday
Jun092011

275,000 charities lose their tax exemption.  

According to IR-2011-63 (June 8, 2011), the IRS has announced that approximately 275,000 organizations have had their tax exemption administratively revoked.  Approximately 7,000 of those organizations are in Washington State.  A state by state searchable list of the revoked organizations can be found here.  Publication of an organization's name on the Auto-Revocation List serves as notice to donors that the organization is no longer eligible to receive tax-deductible contributions.  If a charity has its exemption automatically revoked, it will have to request a reinstatement from the IRS for which more information can be found here.

If your organization has lost its exemption and you would like assistance in the reinstatement process or have other questions, you may contact me office for a consultation.