25 April 2014

It's a Start………

The IRS has revoked the 501(c)3 tax exempt status of The Patrick Henry Center for Individual Liberty, a right wing group that has routinely engaged in illegal electioneering.

The kicker is that Center is in part a political advocacy group formed by Ginny Thomas, wife of Supreme Court justice Clarence Thomas:
Under the tax code, it’s illegal for a charity to engage in electoral politics. In its response to the IRS, the Patrick Henry Center said its statements could be interpreted differently by different people, and that many of them did not advocate voting for or against a candidate.

The center’s most recent tax return disclosed $343,503 in revenue for tax year 2012. In recent years, it’s become aligned with the Tea Party movement, contributing to at least one of the groups targeted for extra scrutiny by the IRS beginning in 2010. Also in 2010, the Patrick Henry Center merged with Liberty Central, an advocacy group headed by Virginia Thomas, the wife of Supreme Court Justice Clarence Thomas. Former U.S. Attorney General Edwin Meese serves on the center’s board.

The IRS’s revocation means contributions to the Patrick Henry Center are no longer tax deductible.
I incorporated a 501(c)3 tax exempt organization in the early 1990s, and I recall the sh%$ I had to go through to incorporate.

I was originally turned down, because the examiner thought that the organization was better suited to 501(c)7 status, a membership organization, as opposed to a charity, which would lose tax exempt status and (more importantly to us) a special low postal rate. (Had to explain some terminology we used in my appeal,k and it worked)

In retrospect, I believe that the examiner morally right on this, though my application was was within the parameters of existing law and regulation.

It's just that and the rules that the IRS is not enforcing are way too lax, and more observed in the breach than in actual enforcement.

It's nice to see that this is changing.

0 comments :

Post a Comment