April 20, 2022 7:14 pm

IRS Investigating Epic Charter Schools Finances

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The IRS said it will be comparing documents it’s requesting to information provided on the annual tax forms for Community Strategies, Inc., the legal name for Epic Charter Schools’ board. The agency is looking for compliance in three areas: whether Epic has operated in ways allowed by its nonprofit tax status, whether it accurately reported revenue and expenses, and whether its governing board is adequate to “prevent and identify any loss of your organization’s assets.”

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