Two recent tax law changes affect nonprofits.
The first is that nonfilers get relief on exemption revocations. Exempt groups that fail to file their annual Form 990 returns for two consecutive years will get a letter from IRS notifying them that the agency hasn’t received the filings and that not filing for a third straight year will cause their exemption to be revoked.
Second, all exempt groups have to electronically file their annual Form 990s, with the exception that smaller organizations get an additional two years to comply.