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ARTICLE · 01 FEBRUARY 2011

The Globalization Of Philanthropy

McGuireWoods LLP
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Congress and the Internal Revenue Service (IRS) are concerned about international tax havens, blocker organizations, and the operation of American Friends organizations abroad.

United StatesTax
Milton Cerny
Milton Cerny
Michele McKinnon
Michele McKinnon

Congress and the Internal Revenue Service (IRS) are concerned about international tax havens, blocker organizations, and the operation of American Friends organizations abroad. This area was highlighted as a focus in the IRS work plan for 2011 released in December 2010. In its 2011 work plan, the IRS said that international tax enforcement is a priority for it. Taxpayers with international activities, transactions and accounts will be a primary focus.

The IRS' concern in this area is whether charitable assets of tax-exempt organizations are being diverted for non-charitable purposes, and it will closely review:

  • Foreign entities that have received IRS recognition of tax-exempt status.

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