IRS tea party showdown
By: Kim Dixon and Lauren French, Politico.com
January 31, 2014 05:10 AM EST
After a tumultuous 2013, the Internal Revenue Service this year will work on new rules governing two of the biggest controversies in its jurisdiction: regulation of political nonprofit groups and implementation of President Barack Obama’s health care law.
The most anticipated rules would define the substance and amount of political activity that tax-exempt groups can engage in without losing their tax breaks — a consequence of last year’s inspector general report that blasted the agency for giving extra scrutiny to tea party and other conservative groups.
While the IRS’s added attention primarily hit smaller organizations, Karl Rove’s American Crossroads on the right and American Bridge on the left are also organized under the section of the tax code in question — 501(c)(4) — so the impact of the new rules could have huge political consequences.
The rules proposed late last year narrow the definition of the “candidate-related political activity” that the groups can engage in and still keep their tax exemption.
(More here.)
January 31, 2014 05:10 AM EST
After a tumultuous 2013, the Internal Revenue Service this year will work on new rules governing two of the biggest controversies in its jurisdiction: regulation of political nonprofit groups and implementation of President Barack Obama’s health care law.
The most anticipated rules would define the substance and amount of political activity that tax-exempt groups can engage in without losing their tax breaks — a consequence of last year’s inspector general report that blasted the agency for giving extra scrutiny to tea party and other conservative groups.
While the IRS’s added attention primarily hit smaller organizations, Karl Rove’s American Crossroads on the right and American Bridge on the left are also organized under the section of the tax code in question — 501(c)(4) — so the impact of the new rules could have huge political consequences.
The rules proposed late last year narrow the definition of the “candidate-related political activity” that the groups can engage in and still keep their tax exemption.
(More here.)
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