The Internal Revenue Service has notified five donors to politically active 501(c)(4) groups that their contributions to the advocacy organizations could be subject to gift taxes, The New York Times and the Associated Press write.
Michelle Eldridge, an IRS spokeswoman, confirmed the agency had contacted the donors but would not identify them. In the past, the IRS rarely invoked the provision making gifts of more than $13,000 to advocacy groups subject to gift taxes of up to 35 percent, but its 2011 “work plan” specifies stepped-up enforcement of the rule.
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