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Thursday, June 16, 2011

IRS Revokes 6,000 MD Non Profit

More than 6,000 Maryland-based nonprofits have had their tax-exempt status revoked by the Internal Revenue Service. The IRS says the charities failed to file a return for the past three years. The Baltimore Business Journal reports that nationally, more than a quarter-million charities had their status revoked. The IRS says that many of those organizations are defunct anyway. For those that still exist, the agency has announced special steps to help them apply for reinstatement.

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