IRS helps non-profits keep tax-free status - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

IRS helps non-profits keep tax-free status

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Eau Claire (WQOW)- The IRS was in Eau Claire Thursday, teaching local non-profits how to fill out the proper paper work to keep their tax-free status.

A workshop was held at UW-Eau Claire Thursday.  Area residents were able to ask questions and get pointers on how to remain tax-free.  Prior to 2006, non-profits making less than $25,000 a year did not have to file.  Now everyone has to.  Experts say in the past two years, about 8,000 Wisconsin non-profits have lost their tax-exempt status for failing to file with the IRS.

"A big part of it is letting folks know, especially the smaller organizations that they do now have a filing requirement because if an organization fails to file for three years in a row, they will automatically lose their exempt status; and that's what happened to those 8,000," explains IRS Staff Assistant Richard Crom.

Each participant paid $50 to attend Thursday's workshop.

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