bobbyw24
05-14-2011, 06:13 PM
Invoking a provision of tax law that has rarely been enforced, the Internal Revenue Service is moving on big political contributors who could owe millions of dollars in contributions to nonprofit advocacy groups playing an increasing role in American politics, The New York Times reports.
Among the names listed in the Times article was liberal billionaire financier George Soros and the Koch brothers, who are well-known contributors to conservative causes. The IRS told the Times it had sent letters to five donors, who were not identified, informing them that their contributions may be subject to gift taxes depending on whether the donations exceeded limits under the tax laws.
http://rp12.us/aIUi8
Among the names listed in the Times article was liberal billionaire financier George Soros and the Koch brothers, who are well-known contributors to conservative causes. The IRS told the Times it had sent letters to five donors, who were not identified, informing them that their contributions may be subject to gift taxes depending on whether the donations exceeded limits under the tax laws.
http://rp12.us/aIUi8