The IRS warned all tax-exempt organizations that under the law they are required to file a Form 990-series report by May 15 of every year. Under the Pension Protect Act of 2006, non-profit organizations and charities must file an annual Form 990. If the organization fails to file the form for three consecutive years, then the organization will automatically lose their federal tax-exempt status. The new filing requirements also apply to small organizations, although it does not place that requirement on church and church-related organizations. If an organization will likely not make the deadline, it might be in its best interest to file a Form 8868 to receive a filing extension.
See Michael Cohn, IRS Warns Tax-Exempt Groups to File by May 15 or Lose Status, Accounting Today, May 10, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
