The Congressional Research Service has issued a report analyzing whether the federal gift tax applies to contributions made to 501(c)(4) organizations.  Many years ago, the IRS took the position in rulings that the gift tax applied.  However, the IRS had not enforced the tax for over 20 years until 2011,…
Continue Reading Congressional Research Service Concludes that the Federal Gift Tax Should Apply To Contributions to 501(c)(4) Social Welfare Organizations