Nonprofits may lose tax-exempt status
DES MOINES, Iowa – More than 200,000 small nonprofits across the nation are days away from losing their tax-exempt status because they haven’t filed a new form with the Internal Revenue Service.
Many of these groups already operate on razor-thin budgets and some worry an unexpected tax bill could force organizations to close.
“The nonprofits in your backyards, some of them are going to be gone,” said Suzanne Coffman, a spokeswoman for GuideStar, which tracks data on nonprofits.
http://www.msnbc.msn.com/id/37170305/ns/us_news-giving/
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