Don’t look to the IRS for potential relief from a tsunami of political advertising during the 2014 off-year elections.
The Service announced in late May that it is pulling back proposed regulations on tax-exempt groups. That means that everyone from the billionaire Koch brothers to tree-hugging lefties will be able to fund ad campaigns through organizations that often aren’t required to disclose where their contributions come from. It also means the IRS probably will not be doing anything to challenge the tax-favored status of nonprofit “educational” groups until after the end of this year.
This is the one place where many people would like to see the IRS doing more, but nooooooo….