Wednesday, May 16, 2012

IRS Remains On Hunt For Revocations - TheNonProfitTimes

IRS Remains On Hunt For Revocations - TheNonProfitTimes: The Internal Revenue Service (IRS) revoked the tax-exempt status of almost 280,000 organizations last year but potentially missed more than 15,000 others, according to a report by the Treasury Inspector General for Tax Administration (TIGTA).

The IRS made extensive outreach efforts but almost 25,000 organizations did not receive reminders to file, according to the report. More than 9,580 of approximately 24,450 organizations that did not receive a delinquency notice also might have been excluded from the At-Risk Listing published in July 2010.

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