SMALL CHARITIES GET EXTENSION ON IRS DEADLINE

Washington, D.C. - IRS Commissioner Doug Shulman indicated that small charities that missed the May 17 filing deadline for filing their Form 990 might still be able to keep their tax-exempt status.

Hundreds of thousands of nonprofit organizations are in danger of losing their tax-exempt status because they haven't filed the 990 or one of its variations in the past three years. The Urban Institute estimated that 214,000 charities were in danger of losing their tax-exempt status if they didn't file the form by May 17, and another 126,000 by the end of the year.

Shulman acknowledged that many small charities were not aware of the requirement, however, and said that they should still go ahead and file the forms, even if they have missed the deadline.

"Now that the May 17 filing deadline has passed, it appears that many small tax-exempt organizations have not filed the required information return in time," he said. "These organizations are vital to communities across the United States, and I understand their concerns about possibly losing their tax-exempt status."

 

IRS NAMES NEW MEMBERS OF ACT COMMITTEE

Washington, D.C. - The Internal Revenue Service has selected four new members of its Advisory Committee on Tax-Exempt and Government Entities for the term starting in 2010 and ending in 2012. Committee members generally serve a two-year term with a possible one-year extension. The four new participants will join 17 returning members in 2010. The new members are:

*David N. Levine, of Washington, D.C. Levine is a principal at Groom Law Group Chartered.

*Adam C. Pozek, of Reading, Mass. Pozek is vice president of consulting services for Sentinel Benefits & Financial Group.

*Karen A. Gries, of Minneapolis. Gries is a principal with accounting firm LarsonAllen LLP.

*Celia Roady, of Washington, D.C. Roady is a partner in the law firm Morgan Lewis & Bockius LLP.

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