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After a five year wait, the IRS has approved the nonprofit group Crossroads GPS, founded by Republican strategist Karl Rove, for tax-exempt status. Crossroads was the most active of the nonprofits that are funneling cash into politics. Future donors to the Rove group can now feel assured that their identities will remain anonymous.
Loeb & Loeb partner, Marcus Owens, the former director of the IRS’s Exempt Organizations Division, is quoted in connection with the IRS’s grant of tax-exempt status to Crossroads GPS, the nonprofit group founded by Republican strategist Karl Rove. Owens said that he was surprised the group was granted a status, commenting: “Operating for the benefit of one particular candidate or party, it’s hard to say that’s not private benefit.”
Click here to read the article on the ProPublica website.
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Co-Chair, Nonprofits & Tax-Exempt Organizations