Charitable Organizations Lose Tax Exempt Status

Brooke Salvini |

Americans are the most generous people and that likely includes you. Though your generosity is probably not motivated by the tax deduction, it would be unfortunate to learn that your gift is not deductible.
If your charity of choice does not maintain proper IRS filings it will loose it’s tax exempt status and you’ll be out a deduction.
According to Louis Michelson,Esq. of Los Angeles, due to recent changes in the filing requirements for charities, more organizations are bumping into this problem, if only temporarily.
Avoid being caught unaware, lookup your favorite charities in Pub 78 on the IRS website,