Many of these groups are 501(c)(4)’s (named after the tax code section under which they are organized). To receive that status, they must serve the social welfare—a purpose subject to a very fuzzy IRS definition. But once they do, they can take advantage of a critical provision of the law: They are not required to disclose the names of their donors when they report to the IRS. This anonymity is key to their business model.
Posted on: Wed, 06 Nov 2013 21:37:08 +0000
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