Phony Tax Exempt Complaint on Media Matters For America

Details: http://usaintelreport.blogspot.com/2011/06/phony-tax-exempt-complaint-against...

Last Tuesday (6/21/11), an article in the Washington Times alleged that Media Matters is improperly receiving tax-exempt status. I not going to pretend to be an expert in tax-exempt statuses as said Ellen at Newhounds when discussing this story. I'm just going to offer my observations about this complaint against Media Matters.


Is Media Matters legally tax exempt under 501(c)(3)?

From the IRS
To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes. None of its earnings may inure to any private shareholder or individual. It may not be an action organization- not attempt to influence legislation or participate in any campaign for or against political candidates. Organizations under 501(c)(3) are also known as charitable organizations. Organizations described in 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170. The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization's net earnings may inure to the benefit of any private shareholder or individual. If the organization engages in an excess benefit transaction with a person having substantial influence over the organization, an excise tax may be imposed on the person and any organization managers agreeing to the transaction. 501(c)(3) organizations are restricted in how much political and legislative (lobbying) activities they may conduct. See Political and Lobbying Activities, Lobbying Issues

So it seems to me that yes Media Matters is legally tax-exempt under 501(c)(3) as they say on their site.

So what's the complaint?

Category:

News & Politics

Tags:

• fox
• news
• lie
• media
• matters
• tax
• exempt
• liberal
• conservative
• president
• obama
• racist
• press
• abc
• nbc
• election
• congress
• health
• reform
• government
• debate
• democrats
• campaign
• conspiracy theory
• communism
• environment
• economy
• speech
• religion
• protests
• elections
• budget
• politics
• gop

[NiceHandTick]

@kickyerass Keep watching Fox Propaganda, and all the Bought and Paid For Candidates have to come kiss the ring of Murdoch and his clown Trump. Let's just elect the Corporate Clown Lobbyists to run the country for the corporatist 1%'ers that you and the Insulto-Bot worship.

[NiceHandTick]

The Best the Party of No can give us is Gingrich, the ultimate Washington Beltway Lobbyist who never saw a cause he couldn't take money from? The 1.6 million dollar 'Historian' for Freddy Mac????? come on Brucie1949919, don't you have a better one to give us from your bought and sold party?

[NiceHandTick]

Bruce1949919, a 24 hour responding Insulto-Bot.

[Bruce1949919]

@NiceHandTick And you will always be an Ass Hole.

[NiceHandTick]

@Bruce1949919 I've decided you are really an Insulto-Bot.  An automatic responding mechanism.

.

[Bruce1949919]

@NiceHandTick I see you are an ass wipe Union member. Most Unions suck and have brought the U.S. down to crap level.. Unions are blood suckers. You should choke on your boyfriends Urine.

[Bruce1949919]

@NiceHandTick Hey diaper wearer:  Go to bed and wack it off. Scum like you need to quit

[NiceHandTick]

@Bruce1949919 are you upset as I am that Media Research Center and the Heritage Foundation and Americans for Prosperity are getting tax money to spread their filth and lies at the expense of the American people? I'm upset and don't wan them to have a 501-c-3 exemption either. Let's take them all away, Mister One Way Brucie.

[NiceHandTick]

@usintelreport How about Bush and Cheney giving tax cuts to the rich for eight years, then going to war in two countries and taking the money to pay for it off the books? You can bet Cheney's oil buddies at Halliburton did very well with their no bid war contracts, to feed and house the troops. How about the billions of dollars disappearing off pallets in Iraq? Wanna bet Cheney's buddies got that too?

[NiceHandTick]

@Bruce1949919 ... you're a cartoon character for the far right wing extremist loon factor, working for his rich elite overlords. You connected Koch Brothers? The washington lobbyist GrinchRich? Pushing for the elimination of minimum wage and child labor laws? Do you own a sweat shop and need 10 year olds to work for 1.00 an hour? Why do you hate Americans so much to put out the swill you do?