New IRS “Social Benefit” Entity Rules

The Internal Revenue Service has announced that it will publish draft guidance defining “candidate-related political activity” as outside of the “social benefit” activity which can qualify an organization for income tax exemption under Section 501(c)(4) of the Internal Revenue Code. See http://tinyurl.com/q2c88gc.¬†This category of exempt organization has been used in recent election cycles to allow…

Tea Party Info “Leaked” To FEC

The Washington Examiner featured a story accusing Lois Lerner, the former director of the exempt organizations division of the Internal Revenue Service of the felony of unjustified disclosure of taxpayer information on “tea party” groups to the Federal Elections Commission. Matt Drudge enjoyed this enough to highlight the story in red. See http://washingtonexaminer.com/irs-lois-lerner-gave-confidential-tea-party-tax-info-to-fec-violating-law/article/2538263/comments#disqus_thread The rest…