Local & Regional
Tue July 27, 2010
By Associated Press
Oklahoma City – OKLAHOMA CITY (AP) More than 4,400 nonprofit organizations in Oklahoma are at risk of losing their tax-exempt status.
The Internal Revenue Service said Monday that exemptions for 4,425 organizations are in danger because they failed to file tax returns for the past three years. The IRS is giving the organizations until Oct. 15 to file the returns in order to comply with the law and retain their tax exemptions.
The returns are required as part of the Pension Protection Act of 2006 in which all charities except churches and church-related groups must file tax returns starting in 2007.
IRS spokesman David Stell says the filing is to confirm to the IRS that the organization still exists.