IRS Posts Q&A’s About When Exempt Orgs Lose Status For Failure To File Returns

Automatic revocation occurs when an exempt organization that is required to file an annual return (e.g., Form 990, 990-EZ, or 990-PF) or submit an annual electronic notice (Form 990-N, or e-Postcard) does not do so for three consecutive years. If the organization is loses its exempt status it cannot receive tax deductible charitable contributions and will not be listed in Publication 78. All 16 questions and answered that were updated August 26, can be viewed on the IRS website at http://www.irs.gov/pub/irs-tege/autorevfaqs_082610.pdf.