Revocation of Tax-exempt Status
As of March 8, 2010, the Foundation reported on its web site that the Internal Revenue Service revoked the Foundation's tax exempt status for federal income tax purposes, and that the Foundation intended to contest the revocation in court. The Foundation stated that it was officially notified of the revocation on January 27, 2010, and that the revocation was effective retroactively to the year 2003. The report also stated that the IRS was preparing to execute levies against the Foundation for alleged tax deficiencies stemming from the revocation of tax exempt status. In a statement on January 29, 2011, the Foundation indicated on its web site that it was contesting the revocation in the U.S. Tax Court. The records of the U.S. Tax Court show that the Foundation filed its petition on September 21, 2010, and that the related entity, We The People Congress, Inc., also filed a petition on that same date. Trial in both cases is to be held in New York, New York, and a trial, previously scheduled for October 22, 2012, has been re-set for October 30, 2013.
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