January 29, 2009
Nonprofit Organization Urges Caution if IRS Regulates Charitable Trusts
A key nonprofit association that promotes philanthropy has advice for the Internal Revenue Service on how the government could crack down on a questionable giving arrangement without thwarting well-meaning donors and charities.
The association — the American Council on Gift Annuities — said it wants to be sure that any corrective regulation or legislation is fair to contributors and organizations coping with the bad economy.
Last fall, the IRS and the
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