Last week, we raised a couple of points re: the IRS – Tea Party flap.
First, we pointed out that organizations don’t need to seek IRS approval to operate as a 501(c)4 … they can just do it.
Someday they might get the 501(c)4 status audited and revoked, but since Tea Parties spend the money that they raise on their activities, there shouldn’t be any income to tax.
And, donations to a 5042(c)4 are not tax deductible.
If there isn’t a tax advantage to either the organization or it’s donors, why did the conservative organizations go through thee agony of applying?

The answer is simple … and, not surprisingly, upended by the IRS targeting …
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