Thousands in region lose tax-exempt status
Philadelphia Inquirer Friday 10th June, 2011
More than 19,000 organizations in Pennsylvania, New Jersey, and Delaware have lost their nonprofit status after failing to file federal tax returns for the last three years, according to the Internal Revenue Service. The IRS believes most of the groups are defunct, no longer raising money or spending it, according to an IRS spokesman. But the revocations, publicly disclosed Thursday for the first time, caught some still-active local organizations by surprise. "I guess they want more paper so they can keep themselves busy," said accountant Louis J. Cissone, vice president and treasurer of the Frank L. Rizzo Monument Committee, which maintains the statue of the former Philadelphia mayor in front of the Municipal Services Building. Cissone said the organization was properly registered with...
Comments
No comments yet for this story