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Dan Froomkin: IRS May Make Political Groups Pay Dearly for Keeping Donors Secret

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Headlined to H4 3/9/12

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At www.huffingtonpost.com

The IRS has sent detailed questionnaires to several Tea Party organizations -- and possibly other political groups -- to determine if they truly qualify for the 501(c)(4) designation intended for groups whose exclusive purpose is to promote social welfare. Should any group currently calling itself a 501(c)(4) have its designation denied or revoked, tax experts said the consequences could be severe, including fines of 35 percent or more of the money they raised in secret. And the groups might have to make donors' names public.

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At www.huffingtonpost.com


 

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I was amazed that these groups registered themselv... by Amanda Lang on Saturday, Mar 10, 2012 at 5:49:20 AM