Thursday, October 22, 2020

IRS Automatic Revocation Forgot to Give Covid Extension?

Democrats sent a letter to the IRS recently inquiring about the fact that the IRS seems to have automatically revoked the tax exempt status of 10s of thousands of charities based on the normal filing date of those charities on May 15, rather than the extended date of July 15. 

Forbes has the story: "More than 30,000 nonprofit organizations in the U.S. have had their tax-exempt status automatically revoked by the Internal Revenue Service since May, Democratic lawmakers wrote in a letter to Treasury Secretary Steven Mnuchin, after an “apparent error” by the IRS may have erroneously revoked thousands of organizations’ tax-exempt status."

It almost surely is an error on the IRS's part, that will likely take some real work to fix, unfortunately.

Philip Hackney

Current Affairs, Federal – Executive | Permalink


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