IRS Warns of Tax Scams:
On July 11, 2011, the IRS released IR-2011-73, warning taxpayers of tax scams. Some scams mentioned include promises of refunds with no documentation and claims for expired credits.
Several Tax-Exempt Organization Related Updates:
On June 8, 2011, the IRS issued several notices regarding tax-exempt organizations. They announced in IR-2011-63 that approximately 275,000 organizations lost their tax-exempt status due to failure to file annual reports for three consecutive years. To see a list of these organizations, to find out how to have your exempt status reinstated and for more general information, visit the Automatic Revocation of Exemption page.