In 2010, the tax-exempt status of any non-profit that has not filed the required form in the last three years will be revoked.

So it goes without say that if you are a tax-exempt organization, make sure you file your annual information form on time. The Pension Protection Act of 2006 requires that non-profit organizations that do not file a required information form for three consecutive years automatically lose their Federal tax-exempt status. This requirement has been in effect since the beginning of 2007.

If an organization loses its exemption, it will have to reapply with the IRS to regain its tax-exempt status. Any income received between the revocation date and renewed exemption may be taxable.

Form 990-series returns and e-Postcards are due by the 15th day of the 5th month after an organization’s tax year ends.