Archives

THE NEWS DESK

Share
RSS feed of this blog

IRS revokes U.S. Slavery Museum’s tax-exempt status

MORE: National Slavery Museum timeline and archives

RICHMOND – (AP) — The U.S. Slavery Museum has lost its federal tax-exempt status.

The Washington Post reports (http://wapo.st/ztQGlq) the museum was added Wednesday to a list of organizations that have had their federal tax-exempt status revoked by the Internal Revenue Service.

The move means the Fredericksburg museum envisioned by former Gov. L. Douglas Wilder can’t receive tax-deductible charitable contributions.

Nonprofit groups must file a return or notice annually to the IRS. The IRS revokes a nonprofit’s tax-exempt status if it fails to file for three consecutive years. The museum last filed a federal return in 2007.

The IRS says organizations may apply to regain their tax-exempt status.

The museum is in chapter 11 bankruptcy while it reorganizes its $7 million debt.

Earlier this week, the museum filed a plan with federal bankruptcy court in Richmond, to dig itself out of debt.

Permalink: http://news.fredericksburg.com/newsdesk/2012/02/23/irs-revokes-u-s-slavery-museums-tax-exempt-status/

*/