April 9, 1998
Pat Robertson's Charity Pays Fine to IRS
The Christian Broadcasting Network has announced that it has agreed to pay a substantial penalty to the Internal Revenue Service and relinquish its tax-exempt status for 1986 and 1987, apparently because of political activity related to the failed 1988 Presidential bid of its founder, Pat Robertson.
CBN called the penalty "a significant payment" but kept the amount secret. The I.R.S. declined to comment on the settlement, citing confidentiality
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