New Orleans Sometimes you just have to pinch yourself when you’re reading the daily papers because what you’re reading is so unbelievable. Today’s interplanetary, Ripley’s Believe-it-or-Not set of stories features the USA’s Internal Revenue Service, the IRS, or the Service, as they call themselves, and the fact that they pretty clearly are flopping on the …
Tag: 501c4
IRS Tax Exemption Hullabaloo
London A record number of comments, 23,000 and counting, have now been filed with the Internal Revenue Service, over proposed new rules affecting tax exempt nonprofits, particularly organizations with a c4 status, but even potentially c5’s which are labor unions and c6’s which are trade associations. When you hear IRS and tax exemptions, the first …
IRS Finally Moves on Advocacy Gifts and Taxes: Pike’s Analysis
Tegucigalpa The front page of the times indicated that both George Soros and the Koch brothers, the Daddy Warbucks of the right and the left, were among a small handful asked to defend their gifts to advocacy 501c4 organizations and why they should be not be required to pay 35% gift taxes. After 30 years, …