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New IRS Requirements May Affect Your Divison PDF Print
Sunday, 21 October 2007
Beginning in 2008 the IRS will be requiring non-profits that gross under $25,000 to start filing an annual electronic notice. Previously, if your division grossed under $25,00 then you did not have to file a return.  Organizations that fail to file this electronic form will lose their tax-exempt status.  The IRS has not net enabled their electronic filing system.

The full details, FAQ, forms, and an email subscription are available on the IRS website at:
http://www.irs.gov/charities/article/0,,id=169250,00.html
 
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