Quote:
Originally posted by JocelynC
Wait, how does the TV station know about this, but the IRS does not? You'd think if it were an issue, the IRS would be the first to catch it. The source is probably someone from inside the sorority, which is kind of sad.
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It wasn't an issue with the IRS b/c they haven't filed taxes since 2002 (just b4 their current president took office). You have 3 years to file a tax return for any given year, although penalties can still be assessed for any money owed.
Since they haven't filed a return during their current president's administration, the IRS had no way of knowing what was going on. I'm sure that the IRS is going to be all over them soon, though.
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