BLUERIBBON COALITION PARTNER UPDATE!
SOME ORGANIZATIONS COULD LOSE THEIR TAX-EXEMPT STATUS IN 2010
Dear BRC Action Alert Subscriber,
The latest email update from the American Council of Snowmobile Associations (ASCA) reminded us that tax-exempt organizations could lose their exempt status in 2010. Like ASCA, many BRC member clubs are tax exempt so we thought we would pass along the reminder.
A tax-exempt organization that does not file its required annual information Form 990 for three consecutive years will automatically lose its tax-exempt status. The end of 2009 marks the third year that the law has been in effect, and many tax-exempt organizations which failed to file during that period will have their tax-exempt status revoked this year.
Read more here . . .
http://www.sharetrails.org/alerts/?alert=1121
