Draggingtree Posted July 14, 2014 Share Posted July 14, 2014 Truth Revolt: Embattled IRS to Forgo Screening of80% of Charities IRS to eliminate screening on a vast majority of groups seeking tax-exempt status, focus its energy on larger organizations instead7.14.2014 Bradford Thomas Amid congressional hearings and charges of covering up the targeting of conservative groups, the IRS is attempting to maximize its man-hours, launching a new streamlined application process which will forgo screening of around 80% of the organizations seeking tax-exempt status and allow them to focus more on larger charities. The changes in the process will fast-track the creation of small charities and eliminate application review intended to catch fraud and misuse of the tax-exempt status. Beginning July 1, tax-code compliant organizations that declare on a streamlined three-page form an income of less than $50,000 and total assets of less than $250,000 will be allowed to automatically accept tax-deductible donations. Link to comment Share on other sites More sharing options...
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