Posted on 11/26/2013 6:36:10 AM PST by jimbo123
On its 2012 tax return, GOP strategist Karl Rove’s dark money behemoth Crossroads GPS justified its status as a tax-exempt social welfare group in part by citing its grants of $35 million to other similarly aligned nonprofits. (Here’s the tax return itself, which we detailed last week.)
The return, signed under penalty of perjury, specified that the grants would be used for social welfare purposes, “and not for political expenditures, consistent with the organization’s tax-exempt mission.”
But that’s not what happened.
New tax documents, made public last Tuesday, indicate that at least $11.2 million of the grant money given to the group Americans for Tax Reform was spent on political activities expressly advocating for or against candidates.
This means Crossroads spent at least $85.7 million on political activities in 2012, not the $74.5 million reported to the Internal Revenue Service. That’s about 45 percent of its total expenditures.
(Excerpt) Read more at businessinsider.com ...
Tokyo Rove busted for diverting donor money to Grover Norquist.
you’ve got to be some kind of stupid to pull a financial stunt when you know that your in the irs’s crosshairs. pure arrogance perhaps
Put his Lima bean headed fat self in prison and throw away the key.
How could they have made a “mistake” like that?
Relax, it was a gaffe or a snafu.
Report: Karl Rove has been funding Grover Norquist
http://freerepublic.com/focus/f-news/3095608/posts
The turd lied? Color me shocked.
I’m sure it was an honest accounting mistake and he will have his accountants fix this reporting error real quick like.
Yep...I’m sure he’ll get right on it.
Maybe he and Obozo can get fitted for uniforms at the same time.
What’s this lefty rag doing with an IRS tax filing from political opposition even if it is Rove’s group ?
Now we know, T.E.A. Party Hater Karl Rove happened to him!!
Now that is funny. Explains everything.
I believe Form 990 tax returns filed by non-profits are available to the public.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.