Monday, December 20, 2004

Tax exempt, not exempt from the IRS - 2004-12-20 - Washington Business Journal

Tax exempt, not exempt from the IRS - 2004-12-20 - Washington Business Journal: "Tax exempt, not exempt from the IRS
Steve Davolt
A looming crackdown by the Internal Revenue Service should have tax lawyers and nonprofit organizations cozying up to each other in the new year to keep the nonprofits from running afoul of new guidelines.

The IRS division dealing with tax-exempt organizations issued its 2005 implementation guidelines Nov. 4, and the underlying theme was overwhelmingly enforcement as the agency seeks to stem abuses that 'exploit the benefits of tax-exempt status for personal gain.' "

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