New Regulations Affect Non-profit Organizations

If you are involved with a non-profit organization, or have favorite non-profits in your community, you will want to check out the new IRS regulations. for non-profits. There are new regulations and rules about when non-profits need to file certain documents. If your non-profit group is among those affected by new regulations and they do not act before October 15, they may lose their non-profit status.

Loss of the non-profit status will make it more difficult for the organization to get funding and donations as many donors need and want to be able to claim their contributions as a personal tax deduction. So it is in a non-profit's best interest to be sure to check out the new rules.

Visit our blog post for more details and link to the report that came out in the Arizona Republic on this topic.