Internal Revenue Service Credit Counseling Agencies. The IRS has revoked or proposed to revoke the tax-exempt status of credit counseling agencies last week, after issuing a report on these organizations. The agency found widespread misrepresentations to consumers about the agencies’ services. Mortgage lenders use many of the credit-counseling providers targeted by the IRS. So far, 41 counseling organizations have been examined and 22 more have been targeted for compliance audits. Compliance inquiries will…