Sunday, 02 September 2007 20:00
A new electronic filing requirement, if not complied
with, could result in the loss of an organization’s tax exempt status.
tax-exempt organizations such as youth athletic leagues and small charities
should receive a letter explaining the new rules. Organizations that were not
required to file returns because their gross receipts were normally $25,000 or
less may be required to file an annual electronic notice. For more information,
visit the IRS website, www.irs.gov.