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Perspective

Jun. 28, 2011

Price of Anonymity May Be Rising in Political Fundraising

The Internal Revenue Service may soon levy a tax on anonymous individual contributors to political campaigns and committees. By Timothy Kay, Kory Langhofer and Craig McPike of Snell & Wilmer LLP


Large, anonymous political contributions increased significantly during the 2008 and 2010 election cycles - but the Internal Revenue Service (IRS) may now limit this practice by effectively levying a tax on anonymous individual (but not organizational) contributors.


As a general rule, contributions to political campaigns and committees (commonly described as "527s," a reference to a tax code provision relating to political campaigns and committees) may ...

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