Article
Charities And Governance: Is The IRS Subject To Challenge?
The following discussion is intended to explore ramifications of
the role the IRS is assuming regarding charities and governance. As
such, it highlights the inherent tension between a system of rules
drawn from, and limited by, the explicit terms of the authorizing
statute, the Internal Revenue Code of 1986, and an
oversight system deriving its authority from equity and the common
law.
Caplin & Drysdale, Chartered
