See this item. If one is to fib, it might be better to claim contributions to 501c4s, which are not disclosing their contributors on election-related activity.
Mike Allen reports for Politico.“Worth just over $21 billion and now in the cross hairs of the Justice Department and the Securities and Exchange Commission, Adelson has made history: He is the first person to spend $70 million to sway… Continue reading
Bloomberg BNA: “The Internal Revenue Service is examining more than 70 tax code Section 501(c)(4) social welfare organizations, some to determine if social welfare is indeed their primary purpose, according to letters to and from IRS released Sept. 19… Continue reading
You can find the unanimous opinion of the DC Circuit here.
See this story from the LA Times: “The panel chided the FEC for not clearly dealing with the changes in the law or defending its stance in… Continue reading
Bloomberg BNA: “Tax-exempt practitioners looking for new answers to big questions about how their clients should handle political involvement in the run-up to the November election did not get them at the American Bar Association Section of Taxation and… Continue reading
Today’s must read from Bloomberg:
This rare look at the mechanics of SuperPac fundraising and electoral strategy was likely not intended for reporters. I was invited as the guest of a financier who is a significant Republican donor. The financier… Continue reading
Bloomberg BNA: “The tax code offers little insight into what constitutes campaign intervention for tax-exempt organizations, a Congressional Research Service report released Aug. 30 said, with the big question being what happens when a political ad merely refers to a… Continue reading