Thousands of nonprofits may lose tax-exempt status

AP ^ | May 15, 2010 | Molly Hottle

[tang-soo]

DES MOINES, Iowa

[tang-soo]

Saw this on Drudge today and thought of those involved in non profits that may be impacted.

Rest of article is here.

[GeronL]

More revenue enhancing.

[E. Pluribus Unum]

All money rightfully belongs to the government.

Only unionized government employees are qualified to administer charity.

[Major Matt Mason]

Congress required the form, called a 990-N, when it amended the tax code three years ago and groups with a fiscal year ending Dec. 31 had until Monday to meet the deadline.

Hopefully those working at these non-profits will remember which party amended the tax code come November.

[GeronL]

Surprise!!

Pay Up Suckah!

[ClearCase_guy]

Hopefully those working at these non-profits will remember which party amended the tax code come November.

Let's see ... three years ago ... hmmmmmmmm ... Congress required the form ... three years .... musta been Bush's fault ...

[Brugmansian]

Wonder how Lakewood, New Jersey will fair. It is the Cayman Islands of American nonprofits and tax exempts. 667 of them in a township of 60,000. Medium household income of under $36,000 but hundreds of million in income for the nonprofits. Taxexemptworld: Lakewood

[ELS]

Three years ago ... 2007 ... Dems controlled Congress.

[JohnLongIsland]

Non=profits are the greatest tax evasion tool that was ever invented. ask the Justice Brothers among others, ACLU is another.

[GeronL]

How many small non-profits haven’t even heard about this new form?

---

Meet Bob.

Why is Bob sad?

Bob ran a non-profit.

Bob didn’t know about Fed Revenue Enhancement.

Now Bob knows.

It’s no longer a non-profit.

Bob’s pay has gone to the IRS.

That is why Bob is crying.

Fed Revenue Enhancement, its just days away!

[ClearCase_guy]

I’m well aware.

[Cicero]

Some of these may be legitimate. But I suspect many of them are yuppee scams.

Conservatives donate to charity and help people; liberals work for nonprofits. Not across the board, but it’s kind of a general rule, in my observation.

[tang-soo]

I know several dozen missionaries and leaders of other Christian ministries that do not fit your profile.

[Excellence]

Go to the IRS 990N website, enter your organization’s name, address, tax I.D. Number, name of officer filing the form, and check the box that says “we made less than $25,000 last year,” press send. You are done.

[Cicero]

Yes, of course. Missionaries, churches, and the like are a different story.

[tang-soo]

Most excellent excellence. I will pass this along. I had visions of needing to call accountants, make appointments with IRS ... etc.

[marsh2]

Charities are generally non-profits.

[Western Phil]

Wonder if that nabs Rahm and his Chicago home tax exemption scam?

[SierraWasp]

And, as you well know, so are most EnvironMental organizations, many of which PROFIT from the "Private District Attorney" rules that makes them winners just by filing suit. They are given "attorney's costs" in ANY scenario, win, lose, or settlement!!!

I think in these cases, this is a fine thing to be happening!!!

[AliVeritas]

In what names did ACORN file their 990N?