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Conference call for small tax-exempt charities on April 23 to focus on tax status

The Virginia Department of Agriculture and Consumer Services (VDACS) is encouraging small charities, those with annual gross receipts of $50,000 or less, to participate in a conference call hosted by the Office of Senator Mark Warner and the Internal Revenue Service (IRS) on Tuesday, April 23, from 5 to 6 p.m.

The conference call will focus on the automatic revocation of a charity’s federal tax-exempt status when the charity fails to file annual returns with the IRS for three consecutive years. IRS staff will address why automatic revocation occurs, what it means and what a charity can do to regain its federal tax-exempt status.

Maintaining federal tax-exempt status is important on both the federal and state level. “We remind all charities that as a condition of being authorized to solicit contributions in Virginia, charities must maintain tax-exempt status with the IRS,” said VDACS Commissioner Matthew J. Lohr.

Loss of federal tax-exempt status will also have an impact an organization’s eligibility to receive tax-deductible contributions. The list of organizations that have had their federal tax-exempt status automatically revoked can be found at http://www.irs.gov In th.e search box, enter “Automatic Revocation of Exemption List.” Charities also can search the IRS website under “Stay exempt workshop” to access a webinar on important tax compliance issues.

Charities may register for this conference call through Senator Warner’s website at http://www.warner.senate.gov/public/index.cfm?p=rsvp-to-a-small-tax-exempt-organization-conference-call Direc.t all questions about the conference call to Joshua Ogburn with Senator Warner’s Office at .(JavaScript must be enabled to view this email address) or 540-857-2676.

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