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Regional Roundup

Local charities could lose tax-exempt status

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Posted: Wednesday, May 19, 2010 12:00 am

A number of local charities are in jeopardy of losing their tax-exemption status if they don't file information that is legally required.

Monday marked the filing deadline for many charities, though the IRS said Tuesday that it is trying to help small nonprofits that weren't aware of the law. Those that don't file proper paperwork will have to pay taxes and will no longer be tax-exempt, which also means that donors can't use contributions as tax write-offs.

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