Tag Archives: automatic revocation
February 7, 2012, 6:36 pm
The Internal Revenue Service has developed an online database of 400,000 nonprofits that have lost their tax-exempt status for failing to file tax returns.
Previously, the IRS released information about groups that had lost their tax-exempt status only by state, which made it difficult to find groups by other criteria. The new Exempt Organizations Select Check is updated monthly and is on the same Web page as the agency’s main database of all nonprofits that can accept tax-deductible donations.
The tax agency in June unveiled a list of 275,000 organizations that had lost their tax-exempt status for failing to file tax returns for three consecutive years. Since then, about 125,000 more have been added to the list.
Most of the groups—63 percent—were charities. Eleven percent were nonprofit advocacy groups, and 7 percent were social and recreational clubs.
Groups can apply…