Organization Loses Exemption Due to Abusive Transactions

Internal Revenue Service

The IRS revoked the tax-exempt status of an organization that used funds for nonexempt purposes, facilitated tax avoidance by allowing improper charitable deductions, provided private benefits, and made false representations on its information returns.

<p>The IRS revoked the tax-exempt status of an organization that used funds for nonexempt purposes, facilitated tax avoidance by allowing improper charitable deductions, provided private benefits, and made false representations on its information returns.</p>