Publication
Legal Alert: Relief for Organizations That Have Failed to File Form 990 for Three Consecutive Years
The Pension Protection Act of 2006 requires that organizations with gross receipts not greater than $25,000 file a Form 990-N, also known as the "e-Postcard". Failing to file for three years would result in automatic loss of tax-exempt status.
It has now been three years since the Act provisions have become effective, and a number of organizations are at risk of losing their tax-exempt status. To assist certain of these small organizations, the IRS is providing one-time relief ("IRS Relief Program") for two types of organizations.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 17 locations throughout the United States and in Mexico, including Los Angeles, Orange County, Palo Alto and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.
