The Internal Revenue Service says Prairie Meadows Racetrack and Casino owes $60 million in taxes it has avoided paying as a nonprofit social welfare organization; Prairie Meadows says it doesn’t owe a penny, The Des Moines Register reported. The IRS wants to revoke the nonprofit status Prairie Meadows has enjoyed since opening in 1989. On Wednesday, Prairie Meadows released a report in which the IRS says the operation is functioning as a for-profit enterprise. Prairie Meadows, which channels millions of dollars in gambling revenues to Polk County charitable organizations and government bodies, is appealing the revocation ruling.