Posted on June 27, 2011

Organizations Lose Tax-Exempt Status

Approximately 275,000 organizations lost their tax-exempt status because they did not file required reports for three consecutive years. Organizations can apply for reinstatement of their tax-exempt status by completing an application and paying fees. If organizations are on the auto-revocation
list and do not receive reinstatement then they are no longer eligible to receive tax-deductible contributions, and any income they receive may be taxable. However, the IRS believes a vast majority of these organizations are no longer in existence.

For a list of organizations that have been revoked, go to the www.irs.gov and search “Automatic Revocation of Exemption List”.