U.S. Suspends Tax-Exempt Status of Terrorist-Linked Charities
The U.S. Department of the Treasury has suspended the tax-exempt status of three charities because of their links to terrorist networks. Effective immediately, contributions to the Benevolence International Foundation, Global Relief Foundation, and Holy Land Foundation for Relief and Development would no longer be deductible for federal tax purposes.
The Treasury Department's Office of Foreign Assets Control (OFAC) has previously designated all three charities as Specially Designated Global Terrorists under the Executive Order that allows the U.S. to freeze the assets of groups or individuals who support terrorism.
|posted by Douglas N. Jacobson| Permalink 
