Perspective
May 22, 2014
New IRS draft form could open floodgates for charity fraud
Basically, if I were simply to claim that I met all the requirements, the IRS would automatically grant me 501(c)(3) status. By Arthur Rieman
The Internal Revenue Service is proposing to unleash the most rampant barrage of charity fraud in history. This statement might seem outlandish, given that the IRS is the federal agency chartered with granting and enforcing 501(c)(3) charitable status. Nonetheless, in an ill-conceived plan to reduce its backlog of applications for exempt status, the IRS is hell-bent on abdicating its responsibility to ensure that tax-exempt status is not abused, ...
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