Lewis Roca Blog

Just like for-profit employers, nonprofit organizations (“nonprofits”) across the country have been impacted by the COVID-19 crisis. Much action has been taken by Congress to enact laws that will provide for the economic health of business and employees.

All organizations that have tax-exempt status under Internal Revenue Code (the “Code”) Section 501 or 527 are required to annually file an information return with the Internal Revenue Service (“IRS”). Failure to make a filing for three consecutive years results in the automatic revocation of the organization’s exemption. Under recently enacted law, organizations are now required to file information returns and related forms electronically for tax years beginning after July 1, 2019.