Secret Political Donors may owe Back Taxes

IRS signals that political donors may own back taxes. This is potentially game-changing for the 501(c)4 world and may have a major impact on the 2012 election. Not many donors want to pay thirty-five percent gift taxes

http://www.latimes.com/news/politics/la-pn-irs-outside-groups-20110512,0,7620681.story?track=rss

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