erik lundegaard

501(c)(4)

If I were the I.R.S., I would be investigating Tea Party claims, too. From Jeffrey Toobin's post, “The Real I.R.S. Scandal,” on the New Yorker site:

It’s important to review why the Tea Party groups were petitioning the I.R.S. anyway. They were seeking approval to operate under section 501(c)(4) of the Internal Revenue Code. This would require them to be “social welfare,” not political, operations. There are significant advantages to being a 501(c)(4). These groups don’t pay taxes; they don’t have to disclose their donors—unlike traditional political organizations, such as political-action committees. In return for the tax advantage and the secrecy, the 501(c)(4) organizations must refrain from traditional partisan political activity, like endorsing candidates.

I don't get why this isn't the story.

On the other hand, this may be a boon: a call to visit your local Tea Party office if you're ever in need of social welfare. I'm sure, as a social welfare organization, they'd be willing to help.

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Posted at 06:37 AM on Tue. May 21, 2013 in category Politics  
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