Click here for even more tax relief help information.<\/a><\/p>\nAccording to the Pension Protection Act 2006, all tax-exempt organizations (other than churches and church-related organizations) must submit an annual return form to the IRS starting from 2007. Form 990-N was created for small tax-free organizations that had not previously filed. This law also states that failure to file annual returns for 3 consecutive years will result in the revocation of the organization\u2019s federal tax-exempt status.<\/p>\n
Two types of relief are available for small exempt organizations. Firstly, the smallest organizations required to file Form 990-N, Electronic Notice (e-Postcard) can obtain a filing extension. And secondly, a voluntary compliance program (VCP) is available for small organizations eligible to file Form 990-EZ, Short Form Return of Organization Exempt From Income Tax.<\/p>\n
Small organizations required to file Form 990-N can go to the IRS website, fill in details of eight information items on the form and electronically file it by the October 15 deadline.<\/p>\n
As for the small organizations who wish to apply for the VCP, they must file their outstanding annual information returns by October 15 and pay a compliance fee. You can obtain details about the VCP from the IRS website along with frequently asked questions.<\/p>\n
In Kansas alone, there are some 3,000 such organizations facing revocation of their tax-free status. Admittedly, some of these organizations may be defunct, such as Ray Mays Golden Nugget Boys Ranch listed as Rt. 2 Wakefield. It\u2019s known that this organization was set up due to a project from the 1970s that never materialized.<\/p>\n
Organizations that have not been filing their returns for 3 consecutive years have until October 15 to do so, failing which their tax-exempt status will be cancelled and these organizations would have to reapply. The IRS will be issuing a list of all deregistered non-profits in early 2011. All donors to these organizations would enjoy tax relief for their donations until the publication of the list.<\/p>\n
Four area American Legion Posts that risk losing their tax-free status include Post 168, Riley; Post 177, Miltonvale; Post 88, Longford and Post 91 in Washington.<\/p>\n
Clay Center organizations on the list include the Clay Center Junior Baseball Association, Inc.; The Clay County Medical Society, 435 1\/2 Lincoln; Fraternal Order of Eagles Grand Aerie; National Agri Marketing Association, Inc. Great Plains, 1815 Meadowlark Road; Rotary International 567th District, 421 Lincoln; United Fund of Clay Center; Veterans of Foreign Wars, Fay Walker, 511 Crawford.<\/p>\n
Other organizations are:<\/p>\n
Wakefield \u2013 Greenridge Cemetery, Dist. 15, 1282 1st Road; Veterans of Foreign Wars 7774, Republican Valley Memorial,, 207 Dogwood.<\/p>\n
Washington \u2013 Experimental Aircraft Assn. 1803 Industrial Park Dr.; The Refuge, Inc., 1275 Osage Rd.; Washington Swap Meet and Tractor Show, Inc., 214 C. St. Clifton Senior Citizens Club, Inc. Clifton; Brantford Aid Asso., 3098 Zeal, Clyde; Firemens Relief Assn., Linn; Firemens Relief Assn., Morganville; International Association of Lions Clubs 7056 Barnes, Rt. 1 Greenleaf; Kansas Young Farmers Association, Riley; Longford Emergency Services Council, Inc., Longford; Miltonvale Development Corp., 314 Railroad, Miltonvale; Miltonvale Senior Citizens Club, Inc., 505 Oak St., Miltonvale; Rose Meron Cemetery Assn. Dist. 3, Oakhill; Knights of Columbus, Clyde.<\/p>\n
Check out more Tax Related News<\/a> stories by clicking that link.<\/p>\n