Sunday, July 13, 2014

IRS to Rubber Stamp Tax-Exempt Status for Most Charities After Scandal

Time reports:
Amid ongoing controversy over its scrutiny of non-profits, the Internal Revenue Service has decided it will no longer screen approximately 80% of the organizations seeking tax-exempt charitable status each year, a change that will ease the creation of small charities while doing away with a review intended to counter fraud and prevent political and other non-charitable groups from misusing the tax code.
IRS feels pressure.