November 1, 2007
Tax Agency Investigates Land-Donation Deals
By Peter PanepentoThe Internal Revenue Service is trying to crack down on a possible scam involving real estate and charities.
The tax agency has started contacting charities it believes have taken part in so-called successor member interest real-estate transactions — transactions the IRS thinks may be an abuse of the federal tax code.
It has sent letters to nonprofit groups asking them to fill out a questionnaire
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