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Posted by Jenna Peabody on Tue, Feb 16, 2021 @ 09:42 AM

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Organizations should be gearing up to file the Massachusetts “Return of Property Held for Charitable Purposes” (State Tax Form 3ABC). If you are a Massachusetts-domiciled charity that owned real or personal property as of January 1, you must file Form 3ABC by March 1 of that year to receive a local tax exemption for the fiscal year that begins the next July 1.

Must-File Organizations

The following includes the type of organizations that must file:

  • All charitable, benevolent, educational, literary, temperance or scientific organizations, and trusts owning real or personal property.
  • Veteran organizations seeking exemption of real or personal property.

On or before March 1, 2021 a separate return must be filed with the board of assessors of each city or town in which the organization owns real or personal property. If the organization makes a written request and can show sufficient reason for not filing on time, the board of assessors may grant a deadline extension.

Penalties

Unless the organization is a religious, fraternal, or veteran organization that is not required to file the Form PC, then the organization must attach a true copy of the organization’s most recent annual report to the Public Charities Division of the Office of the Attorney General.

If the organization does not file Form 3ABC timely and completely, then the organization risks losing its tax-exempt status on its real or personal property for the year.

For More Information

For information about how you can meet your compliance requirements related to Form 3ABC, please contact us.

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Tags: Massachusetts, non-for-profit, Non-profits, Form 3ABC, nonprofit, form PC, 3ABC

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