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OpenAI faces IRS complaint over alleged tax violations

cryptoweekly by cryptoweekly
July 11, 2025
in bitcoin, News
0

The Midas Project has filed a complaint with the IRS against OpenAI, alleging that CEO Sam Altman’s dual roles create conflicts violating nonprofit tax rules.

Artificial intelligence watchdog the Midas Project has filed a complaint against ChatGPT maker OpenAI, accusing the firm of potential tax law violations that could threaten its nonprofit status.

The tech watchdog stated on Thursday that it has documented OpenAI’s “abandoned safeguards, rife conflicts of interest, financial upside for the CEO if the organization goes for-profit, and even potential misuse of charitable funds.”

The findings were part of a complaint that the Midas Project filed with the US Internal Revenue Service, alleging that OpenAI board members “have massive financial conflicts.” 

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  • Can you earn passive income running a Lightning node?
  • LIBRA token creator fights class suit, citing lack of jurisdiction
  • Tasmanian police find top 15 crypto ATM users are scam victims
  • Bitcoin, Ether ETFs clock second-biggest day of inflows on record
  • OpenAI faces IRS complaint over alleged tax violations
  • Investors are balking at ‘excessive’ Bitcoin miner exec pay: VanEck
  • ‘Bears in disbelief’ — $1B in crypto shorts wiped as Bitcoin pumps

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