August 7, 2010

IRS Introduces 'One-Time Relief Program’ for Small Charities That Missed Filing Date

By Grant Williams

The Internal Revenue Service has told thousands of small charities they still have a chance to keep their tax-exempt status even if they missed their May 17 deadline for filing a new online form or are about to miss subsequent deadlines.

Many small groups are in trouble because they failed to file required informational tax returns for 2007, 2008, and 2009 by May 17. But they can preserve their status by filing returns by October 15, 2010, under “a one-time relief

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