I have been consulting for a company that represents itself as a not for profit even though they do not have not-for-profit status. They claim they have filed but not yet received approval.
2006-06-24 14:03:50 · 3 answers · asked by unpaid 1 in Business & Finance ➔ Taxes ➔ United States
That is definitely considered fraud. And if you know about it, then you are an accessory to fraud.
2006-06-24 20:39:34 · answer #1 · answered by Piggiepants 7 · 0⤊ 1⤋
What form do they fill out when they file federal taxes? Non-profits file different forms than for-profits.
The only laws that I know about are the tax laws. If they are soliciting contributions for their company under the guise of being "non-profit" then they could be criminally charged with fraud.
2006-06-24 21:08:43 · answer #2 · answered by ps2754 5 · 0⤊ 0⤋
they can be not only sued but persecuted in most states as well!
2006-06-24 21:06:21 · answer #3 · answered by destineypyle 4 · 0⤊ 0⤋