It’s time to eliminate many tax-exempt status designations
September 15, 2013 by OSYB Staff
The Internal Revenue Service is discussing how to revamp the tax-exempt status designations. There has even been a suggestion of totally removing all designations and starting over. Which may seem drastic. But there are some legal implications also in the works with a suit against a large university having exempt status but still making a lot of profit.
Category: News