News for our Nonprofit Clients and Friends:

Nonprofits are vulnerable to the changing and increasing sophistication of cyber fraud.  Click here to link to information provided by Chicago Lawyers Committee for Civil Rights Under the Law, Inc.  This information can be useful to our nonprofit clients who are eligible to file Form 990-N.

Form 990-N is used by most small nonprofits with annual gross receipts of $50,000 or less to satisfy their annual reporting requirement.  The cost to file is free, and the IRS does not contact nonprofits to request that you file.  If you receive such a request or if you are prompted to pay a fee, you should not use this illegal site to file Form 990-N.

Learn more about Boodell & Domanskis, LLC’s Nonprofit and Pro-Bono practice area

We recommend that you periodically check the IRS official website to make sure that the IRS has received your Form 990-N filing.  The IRS website includes a list of nonprofits whose exemption has been revoked.  The IRS can revoke your exemption for failure to file Form 990-N for three (3) consecutive years; the IRS is not required to send out advance notice prior to revocation of an organization’s tax-exempt status.

Boodell & Domanskis, LLC attorneys represent a wide range of not-for-profit organizations including professional associations, public charities, low-income housing developers and lenders, arts, music, and theatre groups, religious, social, charitable, and philanthropic organizations.

Learn more about Boodell & Domanskis, LLC’s Nonprofit & Pro-Bono Law practice.