Why is the IRS revoking nonprofit tax exemptions?
The Pension Protection Act of 2006 requires the IRS to revoke the exempt status of any nonprofit that is required to file an annual return (Form 990, 990-N, 990-EZ, or 990-PF) but has failed to do so for three consecutive years. Revocations are mandatory and automatic under the law. The IRS will update the Automatic Revocation of Exemption List monthly.
