IRS sizes up political groups’ tax-exempt status

Posted: Monday, 23 July 2012 04:44PM

By Kim Dixon and Patrick Temple-West

WASHINGTON (Reuters) – The Internal Revenue Service may be weighing changes to how it polices tax-exempt political groups amid charges the tax agency has been lax on enforcement for a new breed of campaign funding organizations with vast resources.

Tax-exempt groups are raising and spending record amounts of money in attempting to sway the November 6 elections, bolstered by the Supreme Court’s landmark “Citizens United” ruling in 2010, which lifted some political contribution limits in federal elections. Read More…

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