Report Shows 3,000 Va. Nonprofits Failed to File With IRS

By Brandon Benavides
|  Monday, Jul 12, 2010  |  Updated 1:16 PM EDT
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Report Shows 3,000 Va. Nonprofits Failed to File With IRS

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A report by GuideStar says more than 3,000 nonprofit groups in Virginia have not filed a tax notification in three years.

Those groups could risk losing their tax-exempt status.
 
GuideStar, a national organization that monitors charitable organizations, analyzed July figures from the Internal Revenue Service, the Richmond Times-Dispatch reported. Until 2006, tax-exempt nonprofits with gross receipts of less than $25,000 didn’t have to file with the IRS.
 
Congress changed the law to require annual filing and to revoke nonprofit status for any organization that didn’t file for three years.
 
The first three-year period ended in May.

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