Wednesday, November 27, 2013

IRS To Crack Down on Bogus "Social Welfare" Tax Exempt Political Groups

Image from source, ThinkProgress


Treasury And IRS To Crack Down On Super PACs Masquerading As Tax-Exempt Social Welfare Groups
The U.S. Department of the Treasury and the Internal Revenue Service issued proposed guidelines on Tuesday that could force dark-money political groups like Crossroads GPS and the American Future Fund to spend less of their money on campaign advertising and other overt electioneering. If implemented, this guidance would clarify what actions by tax-exempt social welfare organizations are limited “candidate-related political activity” and what actions can count toward their principal purpose. . .

Read more at: Think Progress

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