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Issues for private foundations and other donors in the wake of the IRS’ automatic revocation of exemption list

  • Quarles & Brady LLP
  • -
  • USA
  • -
  • June 21 2011

The Pension Protection Act of 2006 directed the Internal Revenue Service to revoke automatically the tax-exempt status of any organization that fails to file its annual information return (Form 990-N, Form 990-EZ, Form 990, or Form 990-PF) with the IRS for three consecutive years