Taken from the IRS Exempt Organization Update for October 7,  Issue 2010-24

1.  Reminder: Tax-Exempt Organizations Can Preserve Exempt Status by Filing
Returns by October 15 Due Date

A crucial filing deadline of October 15 is looming for many tax-exempt
organizations.  Most tax-exempt organizations, other than churches, must
file an annual return or electronic notice (Form 990-N) with the IRS. If an
organization does not file as required for three consecutive years, the law
provides that it automatically loses its tax-exempt status.


Small nonprofit organizations at risk of losing their tax-exempt status
because they failed to file required returns for 2007, 2008, and 2009 can
preserve their status by filing returns by October 15, 2010 under a one-time
relief  <http://www.irs.gov/charities/article/0,,id=225702,00.html> program.
Two types of relief are available for small exempt organizations - a filing
<http://www.irs.gov/charities/article/0,,id=225703,00.html> extension for
the smallest organizations required to file Form 990-N, Electronic Notice
(e-Postcard), and a voluntary
<http://www.irs.gov/charities/article/0,,id=225704,00.html> compliance
program (VCP) for small organizations eligible to file Form 990-EZ, Short
Form Return of Organization Exempt From Income Tax.  Find complete
information about eligibility and program requirements on IRS.gov
<http://www.irs.gov/charities/article/0,,id=225702,00.html> .


The IRS has issued a Special Edition
<http://www.irs.gov/newsroom/article/0,,id=228439,00.html> Tax Tip and a
News Release <http://www.irs.gov/newsroom/article/0,,id=228389,00.html>  to
help nonprofit organizations take advantage of the one-time relief program
and maintain their tax-exempt status. In addition, you can find information
you can use to help organizations that may be at risk of losing their
tax-exempt status at IRS.gov
<http://www.irs.gov/charities/article/0,,id=227435,00.html> . ========================================================= Important Subscriber Information:

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