National Underwriter Hot News: "Everson Eyes Nonprofits
By Allison Bell / NU Online News Service, April 11, 2005, 6:10 p.m. EDT
The head of the Internal Revenue Service is complaining about what he says are abuses of charitable remainder trusts and other charitable-funding vehicles.
IRS Commissioner Mark Everson recently addressed his concerns about those issues at a U.S. Senate Finance Committee hearing on tax-exempt organizations.
Everson talked mostly about issues, such as tax breaks for used cars, which hold little interest for life insurance and estate planning specialists, but he did mention some topics that come up in estate planning discussions."
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