After intense criticism from both ends of the political spectrum, the Internal Revenue Service has delayed indefinitely proposed rules that would have imposed new limits on social welfare nonprofits,
Read MoreThe IRS and Treasury Department announced proposed guidelines clarifying the definition of political activities for social welfare nonprofits
Read MoreReuters on Thursday reveals that the Internal Revenue Service was aware of and may have also used these “unconstitutional” tactics.
Read MoreA Better America Now, reported to the Federal Election Commission it had spent about $65,000 for the mailer and TV advertising in the hard-fought race to represent Texas’ 23rd district.
Read MoreTop 6 list of need-to-know facts on social welfare nonprofits, also known as dark money groups because they don’t have to disclose their donors. The groups poured more than $256 million into the 2012 federal elections.
Read MoreDespite a growing number of billionaires and multi-millionaires using every tax dodge imaginable – laundering their money through phantom corporations and tax havens — the IRS’s budget has been cut by 17 percent since 2002, adjusted for inflation.
Read MoreThe IRS division responsible for flagging Tea Party groups has long been an agency afterthought, beset by mismanagement, financial constraints and an unwillingness to spell out just what it expects from social welfare nonprofits
Read MoreA team of 86 investigative journalists from 46 countries has collectively examined more than 120,000 offshore accounts belonging to individuals and companies from more than 170 countries.
Read MoreImagine filing your income taxes in five minutes — and for free. You’d open up a pre-filled return, see what the government thinks you owe, make any needed changes and be done. The miserable annual IRS shuffle, gone.
Read Moreby Jeff Gerth A federal tax court judge yesterday ruled that the Bank of New York Mellon had improperly claimed foreign tax credits through a complex deal arranged by Barclays. In the wake of the ruling, BNY Mellon said it will...
Read Moreby Justin Elliott Two watchdog groups are calling on the IRS to reject Crossroads GPS’ request to be recognized as a social welfare nonprofit. Democracy 21 and the Campaign Legal Center, nonpartisan outfits that favor...
Read MoreFive conservative dark money groups active in 2012 elections previously told tax regulators that they would not engage in politics, filings obtained from the IRS show.
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