Thursday, July 14, 2011

IRS offering transitional relief for small revoked not-for-profit groups

Thanks to a comment in a previous post, I've discovered that the IRS is offering transitional relief for small revoked NFP groups. As the letter writer notes, "If you can honestly say there is still a need for your non-profit, and you feel you can muster the human and other resources needed to sustain it, don't pass up this opportunity to regain your tax exempt status."

Fill out a new exemption application and pay an IRS User Fee. But for organizations with annual gross receipts normally less than $50,000, the User Fee will be reduced to only $100 and reinstatement will be retroactive. The offer is only good through December 31, 2012. You can find the details here [PDF].

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