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Small Nonprofits at Risk Under New IRS Filing Requirement

Small nonprofit businesses with annual revenue of under $25,000 must file forms or information postcards with the Internal Revenue Service.

By Staff Writer | Updated on July 05, 2010

For the first time this year, thousands of small nonprofits with annual revenues of under $25,000 must file forms or information postcards with the Internal Revenue Service. Those that miss filing deadlines could have their tax-exempt status revoked and could have to pay $750 to go through the application process all over again.

Related: “Not-for-profit organizations need D&O and EPLI too.”

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