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Claim of Tax Exemption Rejected Because of Lack of Organizational Form

Publisher: John Wiley & Sons Inc

E-ISSN: 1542-8427|1542-8419|10|4-5

ISSN: 1542-8419

Source: BRUCE R HOPKINS' NONPROFIT COUNSEL, Vol.1542-8419, Iss.10, 2015-10, pp. : 4-5

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Abstract

An individual's efforts to avoid substantial fraud penalties for eight years of income tax deficiencies, on the ground that the funds flowed into a tax‐exempt organization, was rejected by the US Tax Court, on August 12, because he “failed to show any distinct existence of an organization” (George v. Commissioner).