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2017-08-31 Home Front: Politix
SPLC Moves Millions To Offshore Accounts
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Posted by Raj 2017-08-31 12:54|| || Front Page|| [3 views ]  Top

#1 Additionaly, as a political organization, they have another filing requirement. By my calculations, they'll owe over $200K if they haven't been filing this tax return.
Posted by Raj 2017-08-31 13:25||   2017-08-31 13:25|| Front Page Top

#2 splc has employee expenses and claims their employees are carrying out charitable activities, e.g. education, advocacy.

Posted by lord garth 2017-08-31 13:33||   2017-08-31 13:33|| Front Page Top

#3 ...which we both know is bullshit. The IRS' measuring stick is direct cash support to other charities. Since the SPLC is a left-wing entity, they get a complete pass.
Posted by Raj 2017-08-31 14:01||   2017-08-31 14:01|| Front Page Top

#4 sadly, once an org gets certified for 501(c)(1), t takes a pretty egregious issue to have that status revoked

you may be correct that the activities of the employees are not eligible under the education or advocacy but that is not something you say without some sort of audit - of course the auditors who do the routine audits tend to only understand numbers and also may be friends of friends of the 501 org employees

you could also argue that splc is partisan but that is also determined by audit

I don't see any requirement in the statute 26USC501(c) for line 13 of 990 to be a certain percentage of expenses
Posted by lord garth 2017-08-31 15:59||   2017-08-31 15:59|| Front Page Top

#5 I meant 501(c)(3) in my first sentence -sorry
Posted by lord garth 2017-08-31 16:02||   2017-08-31 16:02|| Front Page Top

#6 That's what makes tax law such a blast - massive gray areas you could run a 757 through.
Posted by Raj 2017-08-31 16:40||   2017-08-31 16:40|| Front Page Top

#7 Oh, IRS rules.
Now I understand.
Posted by Skidmark 2017-08-31 18:40||   2017-08-31 18:40|| Front Page Top

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