Tag Archives: IRS

Automatic Revocation of Nonprofit Exemption

Earlier this month the IRS published a list of approximately 275,000 nonprofit organizations that have officially lost their tax-exempt status. This automatic revocation of exemption is the result of a provision of the 2006 Pension Protection Act (PPA), Section 6033(j). It stipulates that any organization who fails to file an annual informational report with the […]