YOUR FRIENDS' ACTIVITY

    IRS revokes US Slavery Museum's tax-exempt status

    Associated Press – Thu, Feb 23, 2012

    RICHMOND, Va. (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, Va., 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.

    ___

    Information from: The Washington Post, http://www.washingtonpost.com

    Loading...

    More Business News

     

    News for You »

    • 5.7-magnitude earthquake shakes Northern Calif

      GREENVILLE, Calif. (AP) — A magnitude 5.7 earthquake was widely felt as it rattled Northern California Thursday night, breaking dishes and shaking mirrors off walls. But authorities said there were no immediate reports of injury or serious damage.

    • No Wonder Republican Criticism of Obama Isn’t Working

      Henny Youngman, the late borscht belt comedian, told hundreds of politically incorrect jokes. One of them was his response when asked, “How’s your wife?” “Compared to what?” he’d say.

    • Cycling-Road-Giro d'Italia points classification after stage 18

      May 23 (Infostrada Sports) - Points Classification Giro d'Italia after Stage 18 on Thursday 1. Mark Cavendish (Britain / Omega Pharma - Quick-Step) 113 2. Cadel Evans (Australia / BMC Racing) 109 3. Vincenzo Nibali (Italy / Astana) 103 4. Carlos Betancur (Colombia / AG2R) 94 5. Mauro Santambrogio (Italy / Vini Fantini) 89 6. Giovanni Visconti (Italy / Movistar) 86 7. Rigoberto Uran (Colombia / Team Sky) 86 8. Elia Viviani (Italy / Cannondale) 72 9. Ramunas Navardauskas (Lithuania / Garmin) 65 10. Giacomo Nizzolo (Italy / RadioShack) 61

    • Dog Found Standing Guard Over a Tornado Victim Reunited With Her Owner

      There's a happy ending to the story of a dog, found alive in the rubble after a massive tornado devastated Moore, Oklahoma: she's been reunited with her owner.

    • Sadly, you are uglier than you think

      At least according to one new study

    • Motor racing-Pirelli warn they could quit F1

      By Alan Baldwin MONACO, May 23 (Reuters) - Formula One tyre supplier Pirelli warned teams on Thursday that they will quit the sport at the end of the season if a new contract from 2014 is not agreed soon. Motorsport director Paul Hembery did not hide his impatience when he told reporters at the Monaco Grand Prix that time was running out for the Italian company to design and test tyres suitable for radically different 2014 regulations. "Apparently on Sept. 1 we are meant to tell them (the teams) everything that they need to know for the tyres for next season. ...

    • Distraught mom becomes face of Oklahoma storm

      MOORE, Okla. (AP) — A massive tornado was carving its way through town. There was no time to hesitate. LaTisha Garcia had to get to her children.

    • Michelle Obama vacation: Will critics slam this trip too?

      Michelle Obama and daughters Sasha and Malia are looking at an extended vacation on Martha’s Vineyard this summer, according to a report in The Boston Globe. The Globe might have something here – it’s almost a local Vineyard paper, after all.

    Show More
    Loading...

    Follow Yahoo! News

    Brought to you byYahoo! Finance