Small Non-Profits Beware – File Your Forms 990-N!
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This report on msnbc.msn.com discusses GuideStar‘s statement that 500,000 non-profit organizations could lose their tax-exempt status in May 2010. Non-profits with annual receipts of no more than $25,000 need file only a short informational return with the IRS – Form 990. Failure to do so for three consecutive years will cause revocation of non-profit status.
