Is Your Organization On The IRS’ Naughty List? Here’s How You Can Find Out…
Diamonds may be forever, but not tax exempt status. Each year, the Internal Revenue Service automatically revokes an organization’s tax exempt status for failing to file a Form 990-series return or notice for three consecutive years. According to the IRS’ records, 41,479 organizations had their exempt status automatically revoked in 2015 and yes, some of those organizations were from the orchestra field. The IRS maintains a handy searchable database that includes a …