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NY Times
Published: May 16, 2006
WASHINGTON, May 15 (AP) - The Internal Revenue Service has canceled
tax-exempt status for some of the nation's largest educational credit
counseling services after audits revealed they exist mainly to prey on
debt-ridden customers, Commissioner Mark W. Everson said Monday.
A two-year investigation of 41 credit counseling agencies resulted in the
revocation, proposed revocation or other termination of their tax-exempt
status, he announced.
Mr. Everson said that many of those ...   more »