header image 2

Filing Deadline to Preserve Tax-Exempt Status

May 7th, 2010

Many tax-exempt organizations must file form 990 by May 17 deadline to preserve tax-exempt status with the IRS.

This crucial filing deadline is looming for many tax-exempt organizations that are required by law to file their Form 990 with the Internal Revenue Service or risk having their federal tax-exempt status revoked.

The Pension Protection Act of 2006 mandates that all non-profit organizations, other than churches and church related organizations, must file an information form with the IRS. This requirement has been in effect since the beginning of 2007, which made 2009 the third consecutive year under the new law. Any organization that fails to file for three consecutive years automatically loses its federal tax-exempt status.