More than 2,200 Charlotte-area nonprofits are in danger of losing tax-exempt status, under a new tax law that is being enforced this year for the first time.
That means donors won't be able to deduct donations to those charities when itemizing tax returns.
Click here to read the list of nonprofits.
Click here to search the database by zip code.
As the Observer's Mark Price reported this week, the IRS says all failed for three consecutive years to comply with a 2006 law that requires small nonprofits (those with gross receipts of $25,000 or less) to file annual tax returns for the first time.
It stipulates that any such organization failing to file for three consecutive years will automatically lose its federal tax-exempt status and be forced to pay taxes on any income. Some 300,000 groups nationwide appear on the IRS noncompliance list.
- Doug Miller
Friday, August 20, 2010
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