Revenue Ruling 2004-27
This revenue ruling held that a legitimate corporation sole is designed to ensure continuity of ownership of property dedicated to the benefit of a legitimate religious organization. A taxpayer cannot use a corporation sole created to avoid or evade income taxes as a means to exclude the taxpayer's personal income from tax.
IRS Warns of "Corporation Sole" Tax Scam, IRS News Release, IR-2004-42, March 29, 2004
Tax Guide for Churches and Religious Organizations, IRS Publication 1828 (Rev. 9-2003)
Date posted: August 24, 2004
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