IRS Examining Charter Schools and the for-profit tax consulting firms are rubbing their hands in delight | Dailycensored.com

IRS Examining Charter Schools and the for-profit tax consulting firms are rubbing their hands in delight | Dailycensored.com:

IRS Examining Charter Schools and the for-profit tax consulting firms are rubbing their hands in delight

by Danny Weil

Rothgerber Johnson & Lyons LLP has a team of attorneys dedicated to serving all aspects of charter school operations, from formation, to tax qualification, to charter school financing, to personnel and operational issues.

A reader sent the following article about IRS scrutiny of the financial management of charters, especially for-profit management companies.

http://www.rothgerber.com/showarticle.aspx?Show=1627

Alert: Increased IRS Scrutiny of Charter Schools Operated by For-Profit Management Companies

Author(s): Eric V. Hall, H. William Mahaffey, Christopher D. Freeman Published: 06/18/2012

In some cases, charter schools are managed by for-profit entities (referred to in this article as “management companies”). The management agreements documenting these relationships range from agreements to provide general administrative support to agreements to provide virtually every service to be offered by the