A nonprofit’s tax exemption can be automatically revoked by the IRS if the organization fails to make its annual tax filings. But all is not lost - the organization can regain its tax-exempt status by applying for reinstatement.
Read MoreCan a faith-based organization refuse to hire employees who do not share its faith?
Read MoreThe opening credits of a movie are often preceded by a warning, such as “The copyright holder licenses this video for home use only.” Does this prohibit your nonprofit from showing Return of the Jedi at a thank you event for volunteers?
Read MoreMany nonprofit organizations may mistakenly assume that a tax-exempt status granted by the IRS lasts forever. However, if the organization fails to make required filings, the IRS can revoke the tax exemption.
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