IRS Denies Nonprofit Status for Credit Counselors

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00027415-irs-denies-nonprofit-status-for-credit-co/

The Washington Post ran a story on Saturday describing the actions the IRS has taken recently in denying tax-exempt status to several credit counseling agencies recently.

Post reporter Caroline Mayer writes: “Credit counseling industry officials say the IRS denials are part of a crackdown that could ultimately force scores of agencies to shut down, at the very time that a new bankruptcy law will require more than 1.5 million Americans to seek credit counseling before they file for financial protection from their creditors.”

For this complete story, please visit IRS Denies Nonprofit Exemptions for Credit Counselors.

IRS Denies Nonprofit Status for Credit Counselors

Unknown Author

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