IRS Curbs Tax Abuse by Charity Support Groups

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In 2004, the IRS began investigating supporting organizations that obscure philanthropies created to support specifc charities. Arising from this investigation, the IRS has recently revoked the tax-exempt status of 72 of these groups. The revocations were disclosed this month in a meeting with tax advisors to non-proft groups in Baltimore.

Back in 2005, the then IRS Commissioner, Mark W. Everson put such entities on a list known as the Dirty Dozen of the worst tax swindlers. A former staff lawyer for the Senate Finance Committee, Dean A. Zerbe, now a tax consultant wrote legislation in 2006 to make supporting organizations more accountable.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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