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View Full Version : Flashback: Media Matters tax-exempt status may face new scrutiny from Congress




sailingaway
05-15-2013, 10:09 AM
Congressional Republicans are now interested in examining Media Matters For America‘s tax-exempt status, The Daily Caller has learned. Doing so would cause the GOP to wade into the complex world of tax laws that govern “exempt organizations” such as Media Matters and more than 1 million other charitable organizations that are exempt from federal income tax.

Media Matters’ critics have questioned its tax-exempt status for some time. The Internal Revenue Service has a series of requirements that must be met before organizations can qualify. Successful applicants pay no federal income tax because the government presumes such charities perform services that benefit the public. Donors also may deduct their charitable contributions.



Read more: http://dailycaller.com/2012/02/15/media-matters-tax-exempt-status-may-face-new-scrutiny-from-congress/#ixzz2TNToS4DE

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relevant given the IRS bias scandal, and finding out Media Matters was quasi running media for the white house, (something like that, forget the exact details.)