Update at 5:38 p.m. ET. One More IRS Official To Leave
Another official is out at the embattled agency.
The Associated Press reports that Joseph Grant, commissioner of the IRS' tax exempt and government entities division, will retire June 3. The division scrutinized Tea Party groups when the applied for tax-exempt status.
Update at 4:45 p.m. ET. Obama Names New IRS Acting Chief
Revelations that the Internal Revenue Service targeted some conservative groups seeking tax-exempt status for extra scrutiny have put a spotlight on a part of the tax code increasingly popular with political groups: section 501(c)(4).
But what's the benefit for organizations to get approved for 501(c)(4) status?