WAKE UP CALL

Many small nonprofit organizations could lose their tax-exempt status this year. Why? Because 2009 is the third year that the IRS has required the filing of Form 990-N for nonprofits with under $25,000 in annual revenue. Before 2007, filing wasn't necessary. IRS regulations now require that any 501(c)(3) public charity that fails to file a required Form 990 for three consecutive years will automatically lose their tax-exemption. Don’t let your status be revoked. Like the bunnies in my yard, hop on it!