Wednesday, August 21, 2013

IRS Kills Tax Exemption Of Foundation Pushing Eternal Life - Forbes

IRS Kills Tax Exemption Of Foundation Pushing Eternal Life - Forbes: Benjamin Franklin famously wrote that nothing is certain except death and taxes. These days, it seems, maybe not even those. In a previously unreported action, on May 10th, the Internal Revenue Service revoked the long-held charitable tax exemption of the Life Extension Foundation Inc., an organization dedicated to denying the certainty of death. The Foundation is contesting the revocation in a lawsuit filed on August 7, 2013 in the Federal District Court for the District of Columbia. (The revocation is available in redacted form here as PLR 201331008. )

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