Wednesday, April 10, 2013

Senate Judiciary Committee Member Seeks Greater Justice Department Oversight of 501(c)(4)s

Sheldon Whitehouse (D-R.I.), chair of the Senate Judiciary Committee’s Crime and Terrorism Subcommittee, apparently wants the Justice Department to defer less to the IRS when deciding whether to investigate political campaign-related activity of social welfare organizations exempt from federal income tax under section 501(c)(4) of the Internal Revenue Code, according to a story in Tax Notes Today.  Whitehouse’s comments were offered at yesterday’s subcommittee hearing, “Current Issues in Campaign Finance Law Enforcement.”  Whitehouse reportedly expressed doubt that the question of whether an organization has falsely claimed to have made no expenditures for political campaign activity is characterized by tax law complexity.  He also voiced concern that 501(c)(4)s are being used in a manner that obscures the identities of ultimate contributors of funds destined for political action committees.  

The electronic citation to the story is 2013 TNT 69-6.

JRB

http://lawprofessors.typepad.com/nonprofit/2013/04/senate-judiciary-committee-member-seeks-greater-justice-department-oversight-of-501c4s.html

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