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501c3 revocation reinstatement Form: What You Should Know

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Instructions and Help about 501c3 revocation reinstatement

Hey, how are you guys doing? It's a beautiful day here outside. I hope it's not too windy where you can't pick up my voice, but I wanted to talk to you. Just got a few little things that are going on in the nonprofit organization world. I believe, for a fact, about 275,000 nonprofits across the United States have had their nonprofit status revoked. This means that their status is no longer nonprofit. I was reading an article where it said that a lot of the nonprofit organizations can no longer be reached through their contact information. When the IRS or certain representatives try to call these nonprofit organizations, they often get a disconnected line or something of that nature. So, on one hand, that's pretty good that the IRS was able to go through and see who is entering and who has kept up their address and things of that nature. Another part of this is that 275,000 nonprofits having their status revoked is due to some type of law or something that was changed a few years ago. There used to be a time when if your profit or whatever you were reporting was under twenty-five thousand dollars, you didn't really have to report certain things to the Internal Revenue Service. I believe that changed and I'm not sure if a lot of nonprofits were able to get that information. Just like I'm not sure if there are a lot of nonprofits that even know that their nonprofit status has been revoked. So, there are both sides going on and this just kind of reminds me that we should just be on top of our nonprofit organization status. We should know what's going on in the nonprofit world. If there's anyone watching this video and you're wondering...