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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. 

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