July 24, 2008
Insurer Asks Supreme Court to Restore Its Exemption
A California eye-insurance provider plans to ask the U.S. Supreme Court to reverse a 2003 decision by the Internal Revenue Service that revoked its tax-exempt status.
VSP Vision Care, in Rancho Cordova, Calif., said it believes the IRS overstepped its bounds when it ruled in 2003 that the organization does not provide enough services to the needy to justify its tax-exempt status.
The organization, which is the nation's largest eye-insurance provider, has continued to do
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