Recent PLRs Highlight How Not to Run a Charitable Organization
Posted by fhalestewart on December 10, 2017
Every week, the IRS releases PLRs covering the gamut of tax issues. Several released this week drive home the point that running a 501(c)(3) organization is a complex process.
Neither of these releases involves complex issues. Instead, we see organizations that are not operating charitably, not maintaining adequate books and records or allowing the IRS to examine records as requestions. Anyone of these problems will provide the IRS adequate reason to revoke a tax-exempt status.
As a final point, charitable giving typically ramps up at year-end. This is a good time to contact organizations to see if they are still tax-exempt.
William Byrnes' Tax, Wealth, and Risk Intelligence 
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