3 ms·
Hundreds of examples? Can you name one? As someone who works at a non-profit that partners with various for-profits, I'm skeptical that the IRS would allow suc
by kdmccormick 3y ago
Hundreds of examples? Can you name one?
As someone who works at a non-profit that partners with various for-profits, I'm skeptical that the IRS would allow such sort of large-scale tax fraud to happen.
- photochemsyn 3y ago> "In this scenario, I set up my non-profit school-- and then I hire a profitable management company to run the school for me. The examples of this dodge are nearly endless... consider North Carolina businessman Baker Mitchell, who set up some non-profit charter schools and promptly had them buy and lease everything - from desks to computers to teacher training to the buildings and the land - from companies belonging to Baker Mitchell." https://curmudgucation.blogspot.com/2016/07/for-hrc-profit-vs-non-profit-charters.html https://curmudgucation.blogspot.com/2016/07/for-hrc-profit-v... As far as the IRS, this may be entirely legal due to tax loopholes pushed through by lobbyists and bought politicians, or it may take so many IRS resources to unravel that it tends to go ignored.