CPAs and Advisors with Your Growth in Mind

Education

Senate Democrats Say Audit Excluded Analysis of Democrat-Backed Groups

After an audit by the Treasury Inspector General for Tax Administration last year discovered the Internal Revenue Service (“IRS”) was unfair in its scrutiny of Republican-backed Tea Party groups, a recent report by the Democratic arm of the Senate Permanent Subcommittee on Investigations (“the Subcommittee”) stated that Democrat-supported groups were given similar attention, but went ignored by the inspector general. Released last week, the report says the IRS mismanaged groups’ applications for nonprofit status, and last year’s audit did not mention the agency’s use of terms like “progressive” to label groups that leaned Democrat. While declining to participate in the report, the Republican side of the Subcommittee responded, “The inclusion of a scant few liberal groups by the IRS does not bear comparison to the targeting of conservative groups.”

For the full story, visit the Accounting Today website. Cherry Bekaert also offers accounting services to clients within the education and nonprofit industries. Check out our industry pages for more information.

Topics: , ,