June 19, 2018

People are Getting a Little Worked Up Over Proposed IRS Non-Profit Guidance


Richard Rubin points out this morning that the topic at hand — Guidance for Tax-Exempt Social Welfare Organizations on Candidate-Related Political Activities (REG-134417-13) — is generating quite the vocal buzz.

This should come as no surprise since the uninformed masses have been groomed to think this is a free speech issue. Also, Obama.

Case in point:

These regulations are nothing but an attempt to legalize the harassment of conservative, Christian, and Tea Party groups by the Obama administration. No one has been held accountable for the blatant targeting of conservatives by the IRS. Lois Lerner took the Fifth Amendment, was placed on "paid" leave, and allowed to retire with full pension and benefits. The proposed regulations simply codify this targeting, and therefore should be withdrawn.


I am steadfastly against the proposed regulations that directly violate the First Amendment of the Constitution which ensures the federal government shall not infringe on our Freedom of Speech.

These regulations would strip citizens’ right to send organized communication within weeks of an election and prohibit identifying a candidate or political party who supports Obama’s pro-forced unionism agenda.

I urge the Federal Government to drop Regulation IR-2013-92 and its unconstitutional restrictions on citizen organizations, and to cease using tax laws to suppress political speech.

The funny part about that last one was the fact that the defender of the Constitution didn't care to sign his or her name to the comment and remained anonymous just like our founding fathers would have wanted.

76,186 comments and counting. Anyone else going to weigh in?

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UBS Closer to Getting the McCarthy Treatment

IRS_logo-thumb-150x140.jpgIf you’ve got a Swiss bank account, here’s hoping you opened it because it was convenient for your monthly skiing/Toblerone getaway.
The U.S. and Swiss governments have agreed to share more tax information in order to crack down on all the tax dodgers out there that send their money offshore. The timing of this agreement is is especially diabolical because the IRS is currently trying to get Swiss bank behemoth UBS to name names of over 50,000 American clients.
Hearings in Miami are scheduled for next month to see if the names can be released, however, the Swiss have stated that this may violate Swiss law of double-secret-no-tattling-on-clients.
Ultimately, the Swiss Federal Council and Parliament will decide if the new agreement is kosh but judging by the Obama Administration’s hard-on for closing tax loopholes, they’ll probably play ball.

U.S. and Switzerland to Share More Tax Data

H&R Block Suggests That You Start Saving Receipts

IRS_logo-thumb-150x140.jpgH&R Block announced yesterday that it expects the IRS to get less kind and gentle in the coming years as the Service attempts to close the $345 billion tax gap.
The announcement states that the IRS is nearly doubling its budget for next year and that last year, 1 in 99 individual tax returns were audited as compared to 1 in 202 in 2000.
Maybe the Democrats do want all our money…
Audits Double This Decade [H&R Block Press Release]