By Lori Wilson
lori.wilson@mbcopa.com
The Pension Protection Act of 2006 requires the IRS to revoke the federal tax exemption of any organization that has failed to file three consecutive annual returns (Form 990-N, 990-EZ, 990, or 990-PF). This is the first legally mandated legislation that allows the revocation of tax-exempt status. May 17, the filing date for December 31, 2009 year ends, is fast approaching. If your organization is being threatened with the loss of its exemption status because of failure to file, please call us and we can help keep you compliant.
