Thursday, October 10, 2013

Nonprofit status still is unclear: Hospital ruling delayed by federal shutdown - journalpatriot: News

Nonprofit status still is unclear: Hospital ruling delayed by federal shutdown - journalpatriot: News: The status was revoked in late spring by the Internal Revenue Service (IRS) when a form 990 requested by the IRS was not received before the deadline set by the IRS.

The 501(c)(3) status allows donors to make tax-deductible donations to the hospital to the extent allowed by law. Also, non-profits do not have to pay federal income tax.

The decision now is being delayed by the government shutdown as over 90 percent of the IRS workforce has been furloughed.

No comments: