"Bogus Tax Scheme" Using Ostensible Charity Shut Down, Penalized. Issue 6 (13th May 2019)

• Record Type: Journal Article
• Is Part Of: Bruce R. Hopkins' nonprofit counsel. Volume 36:Issue 6(2019)
• Page Start: 2
• Page End: 3
• Publication Date: 2019-05-13
• Subjects: Nonprofit organizations -- Law and legislation -- United States -- Periodicals; Nonprofit organizations -- Taxation -- Law and legislation -- Periodicals; 340
• DOI: 10.1002/npc.30601
• Languages: English
• ISSNs: 1542-8419

Abstract

Abstract : The US District Court for the District of Montana, by decision dated March 19, held that a "business" facilitating the charitable contribution and subsequent disposition of timeshares appropriately gave rise to imposition of penalties (IRC § 6700) because the appraisals were performed by unqualified appraisers and the values of property were overstated ( Tarpey v. United States ).