Forbes published an article yesterday that discusses the distinct possibility that LiveStrong may be in trouble with the IRS. As it turns out, non-profit organizations are prohibited by law from exerting political influence. In addition, if reports are true that Lance has often taken a cut of the funds that donors thought they were giving to Livestrong, the IRS certainly will want to know more about that behavior too. Here are some excerpts from the Forbes article:
Showing posts with label Non-profit fraud. Show all posts
Showing posts with label Non-profit fraud. Show all posts
Thursday, November 22, 2012
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