Internal Revenue Service (IRS)

2:10am

Fri September 21, 2012
Planet Money

The Downside Of Tax Havens? Paperwork.

Originally published on Fri September 21, 2012 1:44 pm

Unbelizable and Delawho? company documents, along with our official company stamp.
Lam Thuy Vo NPR

We were curious how hard it would be to set up an offshore company, so this summer we bought two. We at Planet Money are now the proud owners of "Unbelizable Inc." in Belize and "Delawho? LLC" in Delaware. The whole process was quick and easy.

At least that's how it seemed at first — until we got an email from David Buckley, a tax lawyer at Rogin Nassau, telling us we had just walked into an IRS sinkhole.

Buckley described it as "a minefield of U.S. tax obligations," and he said he was worried about me. (The companies are in my name.)

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3:57pm

Wed September 12, 2012
It's All Politics

Rove's Crossroads GPS Gets Explicit In Anti-Obama Air War

Originally published on Thu September 13, 2012 9:21 am

Karl Rove co-founded the Republican superPAC Crossroads GPS.
Tom Pennington Getty Images

For months, the tax-exempt Crossroads GPS has argued that its anti-Obama ads were merely issue ads and not political ads. No more. Today the group went up with ads explicitly telling viewers to vote against President Obama.

Co-founded by Republican operative Karl Rove, the group began running a 30-second spot Wednesday morning in Nevada that blames a weak economy and poor housing market on Obama and ends with the wording: "This election ... don't blow another vote on Obama."

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3:13am

Wed September 12, 2012
NPR Story

IRS Awards $104 Million To Whistle-Blower

Originally published on Wed September 12, 2012 7:28 pm

Transcript

STEVE INSKEEP, HOST:

After a scandal, somebody finally gets rich for doing the right thing. It's NPR's business news.

A former banker, Bradley Birkenfeld, has just been awarded $104 million by the IRS. That is believed to be the largest amount ever paid to an individual whistle-blower. Birkenfeld told the IRS how a Swiss bank was helping thousands of Americans evade taxes, and was then thrown in jail.

RENEE MONTAGNE, HOST:

NPR's Wendy Kaufman has more.

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2:57pm

Thu August 30, 2012
It's All Politics

End Of The 'Tell President Obama' Ads?

Originally published on Thu August 30, 2012 3:38 pm

2:42am

Mon April 23, 2012
Politics

Charity Status Of Conservative Group Challenged

Originally published on Mon April 23, 2012 4:36 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

Opponents have intensified a campaign against a group that drafts and promotes bills for state lawmakers to enact. The American Legislative Exchange Council, or ALEC, says it stands for limited government, free markets and federalism. The corporate-funded group has promoted much debated ideas - from voter ID rules to stand your ground gun laws.

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