2009 IRS Targets Nonprofits
The IRS finished putting the final touches on its plan to catch tax cheats in 2009. Its latest target is non-profit entities. Taxes filed for 2008 in 2009 for all non profits will come under heavy scrutiny via additional tax forms geared towards exposing unsavory business practices. Myopic review of this sector is new for the IRS. Up until now the focus has been on corporations; unpaid payroll taxes and misclassified independent contractors. What’s behind the change? The IRS states it has reason to believe auditing this sector will reveal illegal business practices that will pay huge dividends making the extra effort well worth it. How do they plan to catch them?
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