A Sharper Eye On Nonprofits

From the Washington Post:

The Senate Finance Committee yesterday listened to a range of
suggestions for dealing with the tax cheating that experts say is
widespread among charities and other nonprofits.

Yesterday and in earlier hearings, the committee has
heard a stream of testimony from the Internal Revenue Service and
experts on Congress’s own staffs about abuses by charities and other
nonprofits.

"Simply stated, there are increasing indications that
the twin cancers of technical manipulation and outright abuse that we
saw develop in the profit-making segments of the economy are now
spreading to pockets of the nonprofit sector," Internal Revenue
Commissioner Mark W. Everson told the panel yesterday.

 

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