Thursday, May 13, 2010

IRS change is immediate threat to tax-exempt status of nonprofits | cleveland.com

IRS change is immediate threat to tax-exempt status of nonprofits | cleveland.com: "As the final hours tick away, experts fear that a 2006 change in the tax law will wipe out many local grass-roots charities.

Jacque Jovic, who founded the Women's Empowerment Board six years ago, considers herself lucky that her father recently told her about the change in IRS rules. She is hurrying to file her group's first tax return. 'When we started the organization, we never had to do that,' said the former WJW Channel 8 news anchor."

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