But it’s not that simple. And the explanation won’t be as black and white as you’d like.
That’s because the IRS rules governing things like individual Scout accounts have a lot of gray areas. All the BSA can do is help you make sense of those guidelines.
Start by listening to the December 2014 CubCast. In it, Steve McGowan, General Counsel for the Boy Scouts of America, explains individual Scout accounts and how they fit into IRS rules.