Monday, July 18, 2005

Finances Of Nonprofit Groups Rarely Reviewed By IRS Agents - from TBO.com

Finances Of Nonprofit Groups Rarely Reviewed By IRS Agents - from TBO.com: "Although most U.S. tax-exempt agencies are required to report their finances every year to the Internal Revenue Service in forms called 990s, most go unread because the IRS doesn't have enough people to review them.

Some nonprofit agencies knowingly take advantage of this and file 990s that are inaccurate, experts say."

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