Wednesday, June 15, 2011

Arts Tax exempt status revoked


Congress asked the IRS to keep better track of the nation’s 1.5 million nonprofit organizations. Yesterday, the IRS revoked the tax-exempt status of 275,000 of them for not filing legally required documents for three consecutive years (2007-2009). Our early estimates are that well over 20,000 are nonprofit ARTS organizations.”



-- Post From Ricks iPhone

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