Family Trust of MA, Inc. v. United States

FTM applied to the IRS for a charitable tax exemption under I.R.C. 501(a) and (c)(3) based on its trustee services. FTM subsequently filed this action seeking a declaration that it was a tax exempt charitable organization after the IRS preliminarily denied it's application. The court affirmed the district court's grant of summary judgment in favor of the government, agreeing with the district court that FTM was not operated exclusively for charitable purposes. View "Family Trust of MA, Inc. v. United States" on Justia Law