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View Diary: Breaking: IRS to go HARD after American Crossroads/Priorities USA (240 comments)

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  •  Technically, they could make Rove pay the tax (0+ / 0-)

    According to the IRS FAQ,

    The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead.
    and
    ...gifts or bequests received from expatriates after June 16, 2008, may be subject to tax
    This is going to be a popcorn event. It could take Crossroads (Money Laundry R Us) out.

    This move by the IRS make a lot of sense. The IRS Publication 950 and the FAQs seem to support this move, imo.

    "All people are born alike - except Republicans and Democrats" - Groucho Marx

    by GrumpyOldGeek on Wed May 11, 2011 at 11:22:25 AM PDT

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