Determination Letter 201710031: Exempt Org Revoked Due to Excessive Rental Activities

In Determination Letter 201710031, the Service revoked the tax-exempt status of an organization that provided college scholarships to high school students after finding that its primary activity was renting its facilities to for-profit businesses.

See full determination letter at 201710031.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.