IRS could pull tax exempt status from 4,400 in AZPosted: Updated:
MESA, Ariz. (AP) -- More than 4,000 groups in Arizona are on the verge of losing their tax exempt status because they didn't file tax returns.
The Internal Revenue Service is giving the small charities until Oct. 15 to file the returns. A May deadline was extended on Monday to give the charities more time.
A 2006 law required nonprofit organizations with receipts of less than $25,000 to file tax returns for the first time in 2007. If charities failed to file for three years, they were going to lose their tax-exempt status. The law excludes churches.
The organizations range from school and military support groups to fraternal groups. The IRS says many may be defunct.