Credit firms' status revoked
Credit firms' status revoked
IRS says 41 debt counselors will lose tax-exempt standing The Internal Revenue Service said yesterday that it has revoked or plans to repeal the tax-exempt status of every one of the 41 credit counselors it has audited, saying the nonprofits were largely motivated by profit and failed to provide adequate counseling to debt-laden consumers.
Downtown committee now tax-free
FERRIDAY At long last, the Ferriday Downtown Revitalization Committee got an identity Wednesday. According to the IRS, we exist, Chairperson Anna Ferguson said.
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