Tax Abuse Rampant in Nonprofits, IRS Says

In his article Albert Crenshaw discusses tax abuse in nonprofit organizations. He explains that the IRS is finding problems with every type of nonprofit organization, from charities to pension plans. He also says that the IRS has no precise way to gauge the revenue impact of these problems. He explains that localities and transit systems were collecting fees for allowing corporations to benefit from tax shelters to help finance public works. Another problem that has been identified are nonprofits and charities committing abuse and fraud themselves. This can occur when a charity is established to benefit their primary donor, or when the nonprofit organization acts as a tax shelter. To learn more about nonprofit tax abuse, click here:  http://www.washingtonpost.com/wp-dyn/articles/A26388-2005Apr4.htm

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