IRS rarely audits nonprofits for politicking

By Julie Patel

New documents show the federal tax agency almost never audits nonprofit groups for illegal politicking.

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

"… g too much money on politics, according to new information obtained by the Center for Public Integrity. The IRS told the Center for Public Integrity that it has only begun audi …"

"… information obtained by the Center for Public Integrity. The IRS told the Center for Public Integrity that it has only begun auditing 26 organizations specifically for politica …"

"… s. “The IRS is not doing its job,” Sen. Bill Nelson, D-Fla., told the Center for Public Integrity. “There have been not only some obvious abuses of the tax exemption by s …"

"… onse to a Freedom of Information Act request filed in December 2013 by the Center for Public Integrity. It follows an investigation the Center for Public Integrity published in …"

Five transactions and five tax exemptions for Koch in Luxembourg

By Alison Fitzgerald and Kimberley Porteous

A close look at some of the transactions included in the restructuring that the Luxembourg government agreed would be exempt from tax.

Excerpts from this story referencing "Koch Industries":

"… om tax in Luxembourg.         …"

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.

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 "attorney general":

"… ees could get in trouble for not following their donors’ wishes. A state attorney general, for example, could go after such groups and the IRS could follow suit, sa …"

'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 "Aetna":

"… ebsite, CEOs from Caesars Entertainment Corp., Motorola Solutions Inc. and Aetna, among others, argue for “responsible spending,” “fixing the debt si …"

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 "Afghanistan":

"… in the Budget Control Act; savings from drawing down the wars in Iraq and Afghanistan; and $580 billion in “cuts and reforms” to an array of mandatory progr …"

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 "Bain Capital":

"… mocratic super PACs.Romney himself was a private equity man in his days at Bain Capital, which he co-founded.“They view [Romney] as one of them,” said David K …"

FACT CHECK: Obama’s ‘Boss’ Baloney

By FactCheck.Org

The Obama campaign is up with a "badly misleading

Excerpts from this story referencing "Tax":

"… g New York law firm and former chair of the New York State Bar Association Tax Section. Kleinbard is a professor of law at the University of So …"

"… Southern California and a former chief of staff of the Joint Committee on Taxation of the U.S. Congress.But both have given to Democratic candidates in …"

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.

Excerpts from this story referencing "Congress":

"… ell again in his first year in office.This news comes from the nonpartisan Congressional Budget Office, which just issued the latest update of its invaluable …"

"… began signing the tax cuts that are scheduled to expire next year (unless Congress extends them again).The all-household rate was 22.7 percent the year befor …"

"… r too low, or just right. That’s a matter of intense national debate.But Congress must act soon on taxes, or allow a large increase to take effect automatic …"

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 "Ohio":

"… behalf of Clergy VOICE, a group of ministers from progressive churches in Ohio.ALEC has attracted attention recently for its model “stand your ground …"

"… enge nonprofits. In 2004 and 2006, they filed complaints against two large Ohio churches alleging they were promoting Republican candidates.They also chal …"

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 "journalist":

"… of the story’s authors, Jeff Gerth of ProPublica, a former investigative journalist with the New York Times, and asked him about Warren’s claim. Here …"

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.

Excerpts from this story referencing "Bain Capital":

"… ey made money for himself and investors as head of the private equity firm Bain Capital, and that some of the companies in which Bain invested filed for bankruptc …"

"… s so few details.Bain, againThe ad also revisits the business practices at Bain Capital, which Romney headed from 1984 to 1999.We wrote about the private equity f …"

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.

Excerpts from this story referencing "Tax":

"… ddle of the income range in fiscal year 2015, according to the nonpartisan Tax Policy Center.The president and vice president have given a series of spee …"

"… uation that — making over a million dollars do the same exact thing."The Tax Policy Center did an analysis of the Paying a Fair Share Ac …"

"… percent — earning between $39,862 and $69,074 in 2011, according to the Tax Policy Center’s analysis.Under current law (which assumes the Bush Tax c …"

"… ssumes the Bush Tax cuts expire as scheduled at the end of this year), the Tax Policy Center estimates the Buffett Rule would raise Taxes for 116,000 hou …"

DOD has a hand out on April 17

By Aaron Mehta

And where did you think your tax money was going?

Excerpts from this story referencing "Tax":

"… ebsite from the federal government, now you can!The White House “Federal Taxpayer Receipt” calculator, released Wednesday, asks you to put in how muc …"

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

Excerpts from this story referencing "Bush":

"… the “wealthiest 2 percent of Americans.” That’s simply not true. The Bush tax cuts — which Obama and Congress extended for two years — expire at …"

"… rring to the $968 billion that “we save” over 10 years by allowing the Bush tax cuts to expire as scheduled for high-income wage earners and returning …"

"… ked about “shared responsibility” — referring to his belief that the Bush tax cuts should be allowed to expire, as planned, at the end of 2012 for t …"

"… nbsp;months of 2010, when he failed to convince Congress to allow the Bush tax cuts to expire as scheduled on Dec. 31, 2010, for “the wealthiest 2 …"

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

Excerpts from this story referencing "Bain Capital":

"… y told reporters in South Carolina Tuesday, when asked about his taxes.The Bain Capital founder and current GOP presidential front-runner has been under pressure …"

"… been referring to the lucrative retirement package he secured when he left Bain Capital, the private equity firm he helped found in 1984.Romney left Bain in early …"

FACT CHECK: Few errors in Myrtle Beach GOP debate

By FactCheck.Org

Myrtle Beach GOP debate surprisingly factual, with a few exceptions

Excerpts from this story referencing "South Korea":

"… ignoring trade deals President Obama signed in October 2011 with South Korea, Colombia and Panama.When we asked Romney’s spokesman, Eric Fehrnstrom, …"

Tax gift to the rich

By John Aloysius Farrell

How one loophole helps some wealthy Americans pay less taxes

Excerpts from this story referencing "Kirsten Gillibrand":

"… and Bain Capital (with almost $1.8 million in donations). Democratic Sen. Kirsten Gillibrand, the newcomer from New York, has wasted no time tapping Wall Street for fu …"

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

Excerpts from this story referencing "Freddie Mac":

"… percent, or taxes increased, unless Congress acts beforehand.Gingrich and Freddie MacGingrich defended his lobbying for the Federal Home Loan Mortgage Corporati …"

"… h defended his lobbying for the Federal Home Loan Mortgage Corporation (“Freddie Mac”) by saying he merely advised the agency that history would prove its po …"

"… nvestigative article by AP reporter Pete Yost stated:The AP, Dec. 8, 2008: Freddie Mac enlisted prominent conservatives, including Gingrich and former Justice De …"

"… records.Gingrich talked and wrote about what he saw as the benefits of the Freddie Mac business model.We’ll leave it to readers to judge whether Gingrich was h …"

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

By FactCheck.Org

Speaker Boehner majorly flubs statistics on "millionaire" tax question

Excerpts from this story referencing "Tax":

"… eferring to a July, 14, 2010, report from the Joint Committee on Taxation that  analyzed the effects of President Barack Obama’s propose …"

"… ns constantly repeat, as the JCT itself made very clear:Joint Committee on Taxation: These figures for net positive business income do not imply that all …"

"… oint, issued in August by experts at the Treasury Department’s Office of Tax Analysis. It is a “technical paper” by career employees, not a policy …"

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 "National Restaurant Association":

"… women accused him of inappropriate behavior while he served as head of the National Restaurant Association and that both women received financial payments from the trade group. Cain …"

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

Excerpts from this story referencing "Bush":

"… ” And compared with “current law,” under which all the 2001 and 2003 Bush tax cuts would expire, the loss in revenue would be close to $1 trillion i …"

"… or those who prefer it, the TPC said Perry’s plan seems to allow all the Bush cuts to expire on schedule, including lower marginal rates at the bottom.T …"

"… em or opt into the alternative system. And “current law” calls for the Bush cuts to expire before 2015.As a result, either the new Perry flat tax or t …"

"… t, either the new Perry flat tax or the “current” tax system (once the Bush cuts expire) would mean higher taxes for many, compared with what they wou …"

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

Excerpts from this story referencing "Darrell Seela":

"… and Medicare. To me, that is just plain crazy and heartless.” …"

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 "Luxembourg":

"… nder the 2004 law included the Netherlands, Switzerland, Bermuda, Ireland, Luxembourg and the Cayman Islands. In many cases, the money was moved through shell c …"

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 "Senate":

"… m in the oil and gas industry. The Washington Post reported that, in 2005, Senate investigators focused on the tax implications of the foundation, whose ass …"

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 "Nick Kasprak":

"… ork Pay” tax credit. Those are our calculations, which we confirmed with Nick Kasprak, an analyst at the Tax Foundation.A childless couple making $50,000 would …"

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 Accountability Office":

"… 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 Act recipients had sign …"

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

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