International Activities Conducted by Tax-Exempt Organizations, Center of Attention at the Internal Revenue Service
By Eva Mruk, CPA, EA, and Garrett M. Higgins, CPAThis article was recently published in TaxStringer by the NYSSCPA.
International activities conducted by tax-exempt organizations have been a high-focus area for decades. Today, this subject continues to be a high enforcement priority for the IRS, who actively seeks to ensure that foreign assets and expenditures are used for charitable purposes. Tax laws prohibit the diversion of charitable assets to any noncharitable purpose; this includes financial support of terrorist organizations and activities. Needless to say, cooperation and partnerships with other federal agencies are crucial to combat the existing abuses in this area. Read the full article here.
If you have questions, please contact Eva Mruk, CPA, EA, Partner, at firstname.lastname@example.org or Garrett M. Higgins, CPA, Partner, at email@example.com or a member of your tax-exempt client service team at PKF O’Connor Davies.