High School Boosters in Lex. Fined by IRS

By: AP
By: AP
LEXINGTON, Ky. (AP) -- The IRS is handing out large fines to high school booster groups in Lexington, including a bill for $61,000 to boosters for a baseball team.

(CBS)

LEXINGTON, Ky. (AP) -- The IRS is handing out large fines to high school booster groups in Lexington, including a bill for $61,000 to boosters for a baseball team.

The IRS says the fines are due to the practice of booster clubs in Fayette County giving parents monetary credit for fund-raising. The Lexington Herald-Leader reports that the credits are often subtracted from the annual fees parents pay for extracurricular activities.

An attorney for the Bryan Station High baseball team's boosters says the IRS is overreacting with the large fines.

The Henry Clay band boosters paid a $30,000 fine this year and supporters of Lafayette High School's band have appealed a $9,000 fine.

Jimmy Boling, an organizer for the Bryan Station baseball club, says the IRS is also trying to strip the club of the 501(c)(3) tax status given all non-profit groups.

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Information from: Lexington Herald-Leader, http://www.kentucky.com

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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