2006-11-10 02:51:19 · 3 answers · asked by lisamarie1206 2 in Business & Finance ➔ Taxes ➔ United States
Absolutely! - It is happening more and more often. The IRS is very interested in exempt organizations these days and it is becoming harder to get and keep tax-exempt status. This is a good thing when it comes to keeping the scammers out and a bad thing when it comes to LEGITIMATE NFPs trying to get through all the "red tape".
2006-11-10 09:39:06 · answer #1 · answered by FlCpa 3 · 0⤊ 0⤋
Yes. The IRS periodically reviews the activities of organizations to which it has granted tax exempt status, and revokes that status if appropriate. The the link below.
2006-11-10 03:37:11 · answer #2 · answered by Eduardo Fisher, San Jose, CA 3 · 1⤊ 0⤋
Yes it happens all of the time and what business are you referring to.
2006-11-10 08:40:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋