April 23, 2009
IRS Watches for Abuses in Bad Economy
The Internal Revenue Service is working to help "protect the trust and confidence" in nonprofit organizations during the current economic crisis and will be watching for possible abuses, says Lois G. Lerner, who oversees the IRS office that monitors charities and foundations.
"During hard times, there is often a rise in questionable or fraudulent activity, in overly aggressive or inappropriate fund raising, and in tax-avoidance accommodation schemes of less-than-sterling character,"
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