ibet

Automatic exemption revocation for nonfiling: ibet cannot restore status

 

Can the ibet ※undo§ my organization*s automatic revocation?

No. If an organization does not file an annual return or notice for three consecutive years, the organization is automatically revoked by operation of law, and not by a determination made by the ibet. To have its tax-exempt status reinstated, the organization must file an application for exemption. An organization may also request retroactive reinstatement as part of its application.