4 ms·
The law changed relatively recently. It used to be that 501c3s didn't have to file if they didn't have income.
by mentat 13y ago
The law changed relatively recently. It used to be that 501c3s didn't have to file if they didn't have income.
- sliverstorm 13y agoWhere, "relatively recently" means 5 years ago.
- mentat 13y agoFor organizations like that one I was associated with who had been tax exempt for 40+ years, yes, relatively recently.
- sliverstorm 13y agoI don't mean to say 5 years is ancient history, just to give some context, as it certainly wasn't implemented last year. 5 years is not an unreasonable timeframe in which to learn about changes!
- brazzy 13y agoDo you actively and regularly check for changes in all laws that might apply to you?
- sliverstorm 13y agoCertainly not every category of law, but I do pay close attention to tax law, and I'm not even an accountant.
- nknighthb 13y agoX.Org didn't officially gain 501(c)(3) status until 2012. It is reasonable to wonder why the IRS didn't notice before granting.