Wednesday, July 6, 2011

Charities Loose Exempt Status

Last month, 275,000 charities in the United States lost their "exempt" status. What does this mean for you? Future donations will not be deductible on your taxes. So, if writing that check is motivated by a deduction, check the this list first to make sure it will still count. Most of the charities lost status for failure to form 990-N.

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