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This page contains a single entry by Associate Editor published on May 20, 2011 2:26 PM.

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Senate Finance Committee Republicans Ask IRS to Explain 501(c)(4) Gift Tax Decision

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Associate Editor
on May 20, 2011 TrackBacks (0) Comments (0)

A May 18 letter to IRS Commissioner Douglas Shulman, Orrin G. Hatch, R-Utah, and five other Senate Finance Committee Republicans inquired into discussions the IRS ad with the White House and other executive branch agencies regarding the to inform several individuals that their contributions to section 501(c)(4) organizations might be subject to gift tax, and how this could affect First Amendment rights. See, SENATORS PRESS IRS ON GIFT TAX ENFORCEMENT, 2011 TNT 97-3.

Hat Tip: Tax Analysts

Posted by Isaac Pflaum, Managing Editor, Wealth Strategies Journal.

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