HARRISBURG – State Rep. Camille “Bud” George, D-74 of Houtzdale, is advancement nonprofit organizations to booty accomplish to assure their tax-exempt cachet with the Internal Revenue Service.
“As abounding as 400,000 nonprofits civic – and added than 30 based in Clearfield County – may be at accident of accident their tax-deductible cachet with the IRS,” George said. “New rules now crave nonprofits adopting beneath than $25,000 annually to book with the IRS, and the borderline is midnight Saturday.”
According to the IRS, the Pension Protection Act of 2006 requires that all nonprofit organizations, added than churches and church-related organizations, charge book a Anatomy 990. Any alignment that fails to book for three after years automatically loses its 501(c)(3), federal tax-exempt status, which agency an alignment charge book assets tax allotment and pay assets tax, and its contributors will not be able to abstract their donations.
George said baby tax-exempt organizations with anniversary receipts of $25,000 or beneath can book an cyberbanking apprehension Anatomy 990-N – accepted as an e-Postcard — which asks for eight items of basal information. Tax-exempts with anniversary receipts aloft $25,000 charge book a Anatomy 990 or 990-EZ, depending on anniversary receipts. Private foundations book anatomy 990-PF.
More advice and instructions to book the e-Postcard is accessible online beneath “Charities and Nonprofits.”
Information about what nonprofits may be at accident of accident their 501(c)(3), federal tax-exempt cachet is accessible online.
“I counted 36 nonprofits in Clearfield County – including PTAs, clinics and added groups — which may be at accident of accident their tax-exemptions if they don’t book by midnight Saturday,” George said. “Although some of the groups may accept disbanded or already filed the e-Postcard, it may be advisable to double-check the status.”
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