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What happens if you lose 501c3 status Form: What You Should Know

The IRS sent many thousands to organizations who failed to file  What are the IRS' instructions for automatically revoking an organization's tax-exempt status? How do you challenge the IRS's revocation? Jul 29, 2024 — How Can You Fight the IRS's Revocation of Your 501(c)(3) Status? The IRS has no right to revoke your tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. The IRS did so solely for the purpose of determining whether you were involved in a potential federal violation of the law. It is your responsibility to fight the IRS's revocation. You must: (1) Make a formal written request that you be reinstated as a tax-exempt organization. For more information, see “Requesting to Be Resumed as a Tax-Exempt Organization.” In addition: (2) Filing a suit for a judicial review of the revocation. For more information, see Filing Suit to Resume your Tax-Exempt Status Oct 19, 2024 — I Don't Have My 501(c)(3) Tax-Exempt Status! How Can I Obtain My Status? Your 501(c)(3) status may be terminated automatically by the IRS. You won't get a chance to respond because it's automatic. The IRS will send a letter to you letting you know your status is now terminated. An organization that receives a letter from the IRS terminating its tax-exempt status under Section 501(c)(3) may (or may not) be  Inspected and Renew Your Charity Status | IRS You must renew your  c) (3). Your tax-exempt status is automatically terminated if the organization files Form 990 or Form 990-EZ for three consecutive taxable years. The form will need to be made to the IRS. Do not include copies with any future income tax forms. Do not ask the IRS to send you Form 990. Instead, include a copy of Form 990-EZ with your income tax return and mail to the correct address. Voluntary Revocation or Revocation Through Tax Court | Internal Revenue Service To ensure that your IRS tax-exempt status is reinstated, you must file a suit in tax court within 2 years of the date the IRS issued your notice of revocation. Please don't confuse a voluntary revocation with a tax court suit as the IRS may revoke your status without your permission in many circumstances.

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