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July 14, 2014


IRS to Rubber Stamp Tax Exempt Status for Most Charities

"Amid ongoing controversy over its scrutiny of nonprofits, the Internal Revenue Service has decided it will no longer screen approximately 80% of the organizations seeking tax-exempt charitable status each year, a change that will ease the creation of small charities while doing away with a review intended to counter fraud and prevent political and other noncharitable groups from misusing the tax code," Time reports.

Morning Line: "But some worry this will lead to abuse of the tax-exempt status by some groups. The move seems a bit of a retreat from the IRS, which has been under political fire."












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