IRS says liberal group too political for 'social welfare' status

By Michael Beckel

Tax agency rejects pro-Blanche Lincoln group's application for tax-exempt status, calling it too focused on influencing elections.

Excerpts from this story referencing "Arkansas":

"… nse spent $1.2 million on “radio and television time in order to educate Arkansas on key issues facing the state.” Based on records Arkansans for Common S …"

Nonprofits spend money on campaigns despite benefactors' warnings

By Julie Patel

Despite warning, four nonprofits spent money on 2012 elections.

Excerpts from this story referencing "Center for Public Integrity":

"… a letter of transmittal indicating how grant funds may be used.” But a Center for Public Integrity review of Internal Revenue Service and Federal Election Commission documen …"

"… terviews in December with a half-dozen nonprofit attorneys. Meanwhile, the Center for Public Integrity also identified three other nonprofits that reported political spending to …"

'Fiscal cliff' ads target candidates in 2014

By Rachael Marcus

Rove-affiliated nonprofit runs 'fiscal cliff' ads targeting vulnerable Senate Democrats.

Excerpts from this story referencing "Barack Obama":

"… nched a $500,000 television campaign on cable networks attacking President Barack Obama’s plan to avoid the fiscal cliff.“President Obama promised a balanced …"

FACT CHECK: Facing facts on fiscal cliff

By FactCheck.Org

How did the U.S. reach a 'fiscal cliff' and what does it mean?

Excerpts from this story referencing "Washington":

"… ording to the Congressional Budget Office.There’s a growing consensus in Washington that some combination of spending cuts and increased revenues is needed to …"

"… nt into effect as scheduled.Closing the GapThere is a growing consensus in Washington that there needs to be a combination of increased revenues and spending cu …"

"… nd outlays.As a percentage of the nation’s economy, the gap between what Washington spends (22.7 percent) and collects in revenues (15.7 percent) narrowed sli …"

Investment managers top list of super PAC donors

By Rachael Marcus and Andrea Fuller

Hedge fund managers, other investors top donors by industry to super PACs.

Excerpts from this story referencing "Center for American Progress":

"… Sands the first year, according to a study from a liberal think tank, the Center for American Progress.Adelson himself, as majority owner, stands to benefit.“By a reasonable b …"

FACT CHECK: Obama’s ‘Boss’ Baloney

By FactCheck.Org

The Obama campaign is up with a "badly misleading

FACT CHECK: Truth about tax rate talking points

By FactCheck.Org

Despite common talking points, tax rates were actually at a 30-year low in 2008-2009 period.

ALEC faces new challenge to tax-exempt status

By John Dunbar

A group of clergy is challenging the tax status of the American Legislative Exchange Council.

Excerpts from this story referencing "U.S. Supreme Court":

"… vate prison company. The immigration law was partially knocked down by the U.S. Supreme Court on June 25.The complaint also said ALEC had improperly provided a benefit …"

FACT CHECK: Elizabeth Warren attacks GE's controversial tax practices

By FactCheck.Org

Massachusetts Senate candidate makes sweeping, inaccurate statement about corporate tax loopholes.

Excerpts from this story referencing "Scott Brown":

"… Warren, a Democrat running against incumbent Republican Massachusetts Sen. Scott Brown, says in her ad, “Today, Washington lets big corporations like GE pay no …"

FACT CHECK: 'Fat Cats' ad not quite accurate on Buffett Rule

By FactCheck.Org

In advocating for Buffett Rule, MoveOn.org gives false impression of tax rates for the ultra-wealthy.

FACT CHECK: What Priorities USA Action doesn’t tell you

By FactCheck.Org

Pro-Obama super PAC ad leaves out important truths in ad condemning Romney's past business dealings.

FACT CHECK: Warren Buffett's tax rate is an exception, not a rule

By FactCheck.Org

Most high-earning tax payers actually do pay a higher rate than the middle-class.

DOD has a hand out on April 17

By Aaron Mehta

And where did you think your tax money was going?

FACT CHECK: Obama’s trillion-dollar exaggeration

By FactCheck.Org

President Obama throws around a big number calling for an end to Bush tax cuts

FACT CHECK: Ideal tax?

By FactCheck.Org

Gingrich’s plan would mean nearly zero tax for Romney

Romney's small tax bill could be a big problem

By Corbin Hiar

The millionaire former venture capital partner pays an effective tax rate lower than a family earning less than $70,000

FACT CHECK: Few errors in Myrtle Beach GOP debate

By FactCheck.Org

Myrtle Beach GOP debate surprisingly factual, with a few exceptions

Tax gift to the rich

By John Aloysius Farrell

How one loophole helps some wealthy Americans pay less taxes

Excerpts from this story referencing "Jeb Hensarling":

"… 903,000), Majority Whip Kevin McCarthy ($455,000), GOP Conference Chairman Jeb Hensarling ($525,000) and House Ways and Means Chairman Dave Camp ($527,000) are all …"

FACT CHECK: GOP candidates misstate taxes and federal government pay

By FactCheck.Org

Republican debate featured mistakes on how many people pay taxes and how much they spend on tax prep

FACT CHECK: John Boehner’s big stretch on small business

By FactCheck.Org

Speaker Boehner majorly flubs statistics on "millionaire" tax question

FACT CHECK: Herman Cain’s pattern of evasion and misdirection

By FactCheck.Org

GOP candidate contradicts himself on abortion, 9-9-9 and now, on allegations of sexual harassment

Excerpts from this story referencing "CEO":

"… centrating abortion clinics in black neighborhoods.Herman Cain, the former CEO of Godfather’s Pizza, revels in being an unconventional candidate. His c …"

FACT CHECK: Rick Perry’s dubious tax promise

By FactCheck.Org

Texas Gov. and presidential contender's flat tax plan isn't quite flat for lower-income taxpayers

How candidates' tax plans would affect one struggling family

By Amy Biegelsen and John Aloysius Farrell

Republican presidential candidates' ambitious tax plans don't help working class

Wealthy corporations with a trillion dollars stashed offshore lobby for a 'holiday' from U.S. taxes

By John Aloysius Farrell and Aaron Mehta

Wealthy corporations are lobbying for a tax holiday for a trillion dollars stashed offshore

Excerpts from this story referencing "Americans for Tax Reform":

"… iWatch News. The Heritage report sparked a retort from Grover Norquist at Americans for Tax Reform, another conservative group, who praised the stock buybacks and higher div …"

How an Obama fundraiser turned Oklahoma into a personal tax haven

By Bill Allison

How George Kaiser turned Oklahoma into his personal tax haven

Excerpts from this story referencing "The Washington Post":

"… eds of millions in energy firms, most of them in the oil and gas industry. The Washington Post reported that, in 2005, Senate investigators focused on the tax implicatio …"

FACT CHECK: Obamas' tax rate not lower than the average teacher's

By FactCheck.Org

From every angle, the Obamas' tax rate was substantially higher than that of a teacher or firefighter

Excerpts from this story referencing "CEO":

"… ing a higher effective tax rate than somebody like myself or Jeff [Weiner, CEO of Linkdin], who’ve been incredibly blessed."When we asked the White Hou …"

GAO says at least 3,700 stimulus recipients are delinquent on taxes

By Laurel Adams

Stimulus recipients who got $24 billion owe $750 million in taxes

Excerpts from this story referencing "Government":

"… ving a $24 billion handout from the federal Government. An analysis by the Government Accountability Office found that almost 5 percent of the 80,000 Recovery A …"

IRS isn't catching fraudulent and excessive home energy credits

By Laurel Adams

IRS can't verify $6.8 billion in energy tax credits claimed by home owners

Excerpts from this story referencing "inspector":

"… are actually entitled to them.A review by Treasury’s tax administration inspector general found that the IRS cannot accurately track and account for the hom …"

"… redits claimed on these tax returns amounted to more than $234 million.The inspector general also found 362 ineligible individuals who claimed $404,578 in ener …"

"… dividuals who filed tax returns erroneously claiming these credits,” the inspector general stated.Individuals were also allowed credits over the maximum amou …"

"… dividuals were also allowed credits over the maximum amount of $1,500. The inspector general audit found 171 individuals whose credit exceeded $1,500, amountin …"

Medical device industry lobbies IRS, Congress to dodge health law tax

By Joe Eaton

Device makers lobbying to get out from under tax imposed by health care reform law

Excerpts from this story referencing "Orrin Hatch":

"… l devices, the most widely supported of which are bills introduced by Sen. Orrin Hatch, R-Utah, and Rep. Erik Paulsen, R-Minn. Hatch’s bill has 14 Republican c …"

IRS could save millions through e-filing

By Laurel Adams

Electronic filing of tax returns could save the Internal Revenue Service millions of dollars. The IRS currently spends $3.29 to process each

Excerpts from this story referencing "Inspector General":

"… by the Government Accountability Office (GAO), various federal Offices of Inspector General (OIG), and other government entities. MISC.A Bureau of Land Management man …"

"… cts of interest laws, but the report did not reveal the final ruling. (DOI Inspector General) …"

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