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Related: About this forumIRS moves to revoke IFCO’s tax exemption
IRS moves to revoke IFCOs tax exemption
February 3, 2014
BY SARA LOBMAN
NEW YORK The Interreligious Foundation for Community Organization has received a report from the Internal Revenue Service recommending that IFCO be stripped of its tax-exempt status retroactive to Jan. 1, 2009.
In December attorney Martin Stolar filed a Protest and Appeal with the IRS on behalf of IFCO. If the IRS recommendation is upheld and implemented, IFCO could be liable for five years of back taxes.
This is a political attack on our history and our work, Gail Walker, co-director of IFCO, told the Militant. We intend to fight it.
IFCO, founded in 1966, carries out and sponsors numerous projects. Since 1992 it has been best known for Friendshipment caravans to bring humanitarian aid to the people of Cuba.
The IRS initiated an audit of IFCO in March 2011 after receiving letters from two members of Congress, Democrat Brad Sherman of California and Republican Sue Myrick of North Carolina. They urged the agency to revoke IFCOs tax-exempt status for backing a project called Viva Palestina.
More:
http://www.themilitant.com/2014/7804/780406.html
Shrike47
(6,913 posts)Way too many are handed out, IMO. I wish they would end tax exemptions for quite a few folks.
yeoman6987
(14,449 posts)I think the best thing to do is end all tax exempt groups. And while we are at it, cut all tax breaks for businesses too. Nobody should be part of a community and not pay taxes.
roody
(10,849 posts)fantastic humanitarian organization. This is totally politically driven, by right wing.
http://ifconews.org/