Accounting Today announced on May 7th
that the IRS had sent out a reminder on May 6th to tax exempt
organizations. This reminder informs tax-exempt organizations that filing 990-series
information returns must be done by May 15th. By sending out the reminder they also had
hoped to also caution organizations about unneeded personal information and
against using Social Security numbers. Instead they’re asking organizations to
e-file.
The IRS is urging organizations to e-file to help with
the reduction of inadvertently including Social Security Numbers and other unneeded
personal information.
If tax-exempt organizations fail to file annual reports
for three consecutive years their federal exemptions are then revoked on the
due date of the third filing.
Have questions? Contact Nonprofit Director Brandon Miller
at (216) 831-1200.
This update is published periodically by HW&Co;. as an information service to our clients, business associates and friends. It is general information and professional advice should be obtained before acting on any comments contained in this document.
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