Washington (March 31, 2004) -- The American Institute of CPAs is urging the IRS to rework the educational letters it sends to some charitable organizations with contribution income because it says the letters are confusing to the groups that receive them.

According to the institute, the IRS letters inform recipients that they aren't disclosing sufficient fundraising expenses, but don't identify a course of action for the organization to take, the parameters of an investigation, or who the organization should contact at the IRS.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access