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Lost and found: Regaining your nonprofit’s tax-exempt status - WCS - Business Consulting Firms in DC

Summary by WCS
The IRS regularly revokes the tax-exempt status of not-for-profits — mostly for failing to file annual information returns. Losing your exempt status can be devastating. Donors won’t be eligible to deduct contributions to your organization, grant-makers probably won’t even consider your applications and you may become retroactively liable for taxes. So the sooner you regain your status, the better. Here’s how. Filing for exemption recognition If…
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Lost and found: Regaining your nonprofit’s tax-exempt status - WCS - Business Consulting Firms in DC

The IRS regularly revokes the tax-exempt status of not-for-profits — mostly for failing to file annual information returns. Losing your exempt status can be devastating. Donors won’t be eligible to deduct contributions to your organization, grant-makers probably won’t even consider your applications and you may become retroactively liable for taxes. So the sooner you regain your status, the better. Here’s how. Filing for exemption recognition If…

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WCS broke the news in on Tuesday, March 4, 2025.
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