Saturday, May 10, 2008

IRS Investigates Al Sharpton's Nonprofit, National Action Network

The New York Times reported on May 10, 2008, that the IRS is investigating Rev. Al Sharpton's nonprofit organization - National Action Network.  The article reports that Rev. Al Sharpton is "brush[ing] off" reports of the investigation.  Here is an excerpt from the article:

Now the U.S. attorney is investigating his nonprofit group, a probe that an undeterred Sharpton brushes off as the kind of annoyance that civil rights figures have come to expect from the government.

''Whatever retaliation they do on me, we never stop,'' he told the AP. ''I think that that is why they try to intimidate us.''

Over the past year, Sharpton's lawyers and the staff of his nonprofit group, the National Action Network, have been negotiating with the federal government over the size of his debt, which they dispute. The group has also been trying to pay off tens of thousands of dollars it owes for failing to properly maintain workers compensation and unemployment insurance.

According to National Action Network's website, Al Sharpton is the President of the 501(c)(4) organization that was founded in 1991, but formally incorporated in 1994.

For the entire article, see "Records show Sharpton owes overdue taxes, other penalties" in the May 10, 2008, issue of the New York Times.

DAB 

http://lawprofessors.typepad.com/nonprofit/2008/05/irs-investigate.html

Federal – Executive, In the News | Permalink

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