Friday, December 14, 2007

IRS to Increase Audits of tax exempt organizations in 2008

According to Reuters News Agency, the Internal Revenue Service said on Thursday [December 13, 2007] it will audit more tax-exempt organizations in 2008 as well as start a new compliance program to help groups maintain their tax-exempt status. The IRS's Exempt Organizations division said the tax agency wants to determine how many employers comply with employment tax laws and that the investigation will include tax-exempt groups and government agencies. The division's director, Lois Lerner, told a news conference on Thursday that the agency will also audit charitable donations next year.

For the full story see here.

dkj

http://lawprofessors.typepad.com/nonprofit/2007/12/irs-to-increase.html

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