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Keyword: taxexempy

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  • Thousands of nonprofits may lose tax-exempt status

    05/15/2010 6:16:40 PM PDT · by tang-soo · 29 replies · 1,219+ views
    AP ^ | May 15, 2010 | Molly Hottle
    <p>DES MOINES, Iowa – More than 200,000 small nonprofits across the nation are days away from losing their tax-exempt status because they haven't filed a new form with the Internal Revenue Service.</p> <p>Many of these groups already operate on razor-thin budgets and some worry an unexpected tax bill could force organizations to close.</p>