5 Things You MUST Do If Your Nonprofit Loses 501(c)(3) Status

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Some days, there are pieces of mail you just don’t want to see. Bills. Late Notices. Maybe a recall on that car you just bought. NOT FUN! But if you operate a 501(c)(3) nonprofit, the one piece of mail you REALLY don’t want to see in your mailbox is the IRS Notice CP120A. Today’s video gives you 5 things you MUST DO if your 501(c)(3) nonprofit is auto revoked.

📚 ADDITIONAL RESOURCES:

🏆 YOUR NEXT STEP:



0:00 Introduction
0:45 Auto-Revocation of Tax-Exempt Status
1:08 Pension Protection Act
2:10 You Can Get Your Status Back
2:27 1 – STOP Soliciting Donations
3:25 2 – Communicate Your New Reality to Your Regular Donors
3:54 3 – Do NOT Reincorporate
4:37 4 – Apply to the IRS form 501(c)(3) Status Reinstatement
5:24 5 – DO NOT LET IT HAPPEN AGAIN
5:50 Get Help if You Need it – You’re Not Alone
6:05 Conclusion
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Since the 501C3 status has been revoked wouldnt that make all the donations in the foundation still tax free previous to revocation and there is no tax to be applied after if there is no continuing revenue

cjmor
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What happens if it another type of nonprofi that is an unincorporated affiliate that is under group ruling in another state?

tonyaarnold
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Does this include other nonprofit types?

tonyaarnold
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Can a church lose the 501c3 by running a MLM out of the church office, using members' private telephone numbers to solicit recruits?

cottonflannigan