Legal Alert: Under Political Pressure, IRS Halts Investigation of Anonymous Political Contributions
On June 16, 2011, we issued an alert summarizing new investigations by the Internal Revenue Service ("IRS") relating to contributions by five individuals to tax-exempt 501(c)(4) organizations. These investigations were generally seen as threatening anonymous political contributions. After initiating the investigations, however, the IRS came under political pressure—and yesterday, July 7, 2011, the IRS announced the termination of its investigations.
Read the full alert.