[EL] "I.R.S. Begins Enforcing Rule on Gifts toPolitical Nonprofits"
Jim Lacy
wewerlacy at aol.com
Fri May 13 19:07:40 PDT 2011
John,
I think this is a great example of unintended consequences! I hope the media subscribers to this list will get their mojos working, as Hunter S. Thompson might say (his word for fax machines in the 1970s) and tweet to the world that this new tax scheme from the IRS isn't really shutting down right wing zealots, rather, it is screwing the Little League and George Soros, and not huge corporations that routinely take even tax deductions for such contributions to shadowy 501(c)(4)s! Long live the First Amendment!!! Long live the IRS senior career staff!!!
James V. Lacy
Sent from my iPhone
Confidentiality applies
On May 13, 2011, at 6:46 PM, Jon Roland <jon.roland at constitution.org> wrote:
> Just got word of the withdrawal of a donation to a Little League club for uniforms, equipment, and field improvements, for fear inspired by the news reports. The guy was just about to write the check, and had no intention to report it as a taxable gift, because it never occurred to him that he might have to, or incur penalties for failure to report even if it fell below the $13,000 annual threshold. (I think the donation was to be about $20,000, from a local unincorporated businessman.)
>
> All this from just a news article and no active enforcement in situations of this kind. People scare on the slightest things. As I said, it is not about the money. The donor might have been willing to pay the 35%, but he doesn't want to have to report it, because he is afraid it might trigger an audit to do anything that might be unusual or questioned. That is a common behavior.
>
> For the record, the Constitution Society is a 508 religious organization. the religion is constitutionalism.
> -- Jon
>
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