Tax Exempt Status

Tax Exempt Status

UPDATE: LANSING - The IRS has recently revoked non-profit organizations of their tax-exempt statuses. The reasoning behind this is that many non-profit organizations have failed to file their tax returns, or a 990 through the IRS for several years. Because of this, the IRS decided to start taking away these tax-exempt statuses in hopes to make clear whether an organization is non-profit or not. Although this could effect many organizations in the area, they have a chance to regain their tax-exempt status if they are to continue to file their tax returns. Watch the video bellow for the full story!

ORIGINAL STORY: LANSING - Many non-profit organizations have had their tax-exempt statuses revoked around the Lansing area. For information on how this will effect the organization, or why this is happening watch Meridian Magazine on HOMtv!

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