Tax returns for tax exempt organizations are due tomorrow. That’s right, the due dates for 990s is May 15th. If a return isn’t filed for 3 consecutive years, then the organization will lose their tax exempt status and have to re-apply. Not a fun prospect so get that return filed.
And no, I’m not going to write a big post on the IRS tax exempt scandal. I’ve never been a conspiracy person and think this was a stupid over extension by the IRS. I’ll wait for the TIGTA report and for all the details to come out. I hope that the scandal allows a good discussion on how to balance the need to accurately screen Forms 1023 and 1024 for qualified organizations with the organization’s rights. That’s what I hope but I think most people will rather point fingers than solve problems.
If you are looking for a good variety of blog posts on the tax exempt crisis, check out Joe Kristan’s Tax Update Blog.