Sunday, August 29, 2010
Aprill: The Americans for Prosperity Tax Controversy
Following President Obama's lead, the Democratic Congressional Campaign Committee has filed a complaint with the IRS regarding Americans for Prosperity Foundation ("APF"), a § 501(c)(3) organization. The complaint alleges that APF is a lobbying or advocacy organization ineligible for exemption under § 501(c)(3) and that it is engaged in prohibited intervention in a political campaign through advertisements run by its sister organization, Americans for Prosperity, a § 501(c)(4) organizations. Ellen Aprill (Loyola-L.A.) has a detailed post on the tax controversy. For more, see:
http://taxprof.typepad.com/taxprof_blog/2010/08/aprill-americans-for-prosperity.html
Let's give credit where credit is due -- Americans for Prosperity is the creature of the Koch brothers, recently profiled at length by Jane Mayer in the New Yorker.
http://www.newyorker.com/reporting/2010/08/30/100830fa_fact_mayer?currentPage=all
Posted by: Bob | Aug 29, 2010 11:31:22 AM