Bloomberg BNA: “The Internal Revenue Service has revoked the tax-exempt status of a tax code Section 501(c)(4) organization after determining that its purpose was to advance the private interests of its founder, ‘a political figure’ who ran for office in 2004 and 2010. The determination was revealed in Private Letter Ruling PLR 201224034 released by the IRS June 15. The name of the organization and its founder was not revealed, as is customary when the IRS releases such rulings.”