IRS PLR: Exempt Status Denied for Failing Organizational and Operational Tests (IRC §501)

Exempt status under tax code Section 501(c)(3) denied as organization failed the organizational and operational tests under Treasury Regulations Section 1.501(c)(3)-1. The IRS determined that the organization hadn’t conducted activities since its formation, had no revenues or expenses, and abandoned its original intention of funding scholarships. Additionally, the organization failed to describe its current purposes or planned activities in response to multiple IRS requests. [PLR 201839015]

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