From the Washington Post: The Internal evenue Service plans to revoke the tax-exempt status of 30 nonprofit credit-counseling organizations, saying the groups are not providing adequate financial education to their clients and funnel too much money to their chief executives and to related for-profit entities. So far, five credit organizations have lost their tax-exempt status, while the reminder have been notified that their status is about to change. However, while Jeffrey S. Tenenbaum, a Washington attorney representing about 50 credit-counseling agencies, said he was not surprised at the number of proposed revocations and predicted more to come. But, he said, it was frustrating that the IRS has not yet given any counseling group a green light or issued guidelines on what groups must do to retain their tax-exempt status. "At a time when credit counseling has been endorsed by Congress and is now mandatory prior to filing for bankruptcy, the industry is operating in the dark as to what the IRS's tax-exemption standards are. This has created great instability in the industry."