The Tax Adviser has published an article, “Various exempt organization notices paused” which discusses the how IRS is suspending its issuance of 10 notices generally sent to tax-exempt organizations about late return filings. The article begins as follows:
The IRS said Friday it is suspending its issuance of 10 notices generally sent to tax-exempt organizations about late return filings.
The IRS listed the paused notices in its periodic Exempt Organization Update newsletter for charities and not-for-profit organizations. Like its suspension earlier of a broader range of notices and letters to other taxpayers, the IRS said it is suspending these notices because the notices, which are generally automatically triggered by a filing-related deadline, may be erroneous.
“Due to the historic pandemic, the IRS hasn’t yet processed several million returns filed by individuals and entities,” the update stated. “The suspension of these notices will help avoid confusion when a filing is still in process.”
Click here to see full article: “Various exempt organization notices paused”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal