A tax hike we can cheer: IRS revokes non-profit status of Richard Spenser’s think tank

Alt-right founder Richard Spencer defended his mother this week after his supporters launched an anti-Semitic campaign against the Montana town where she lives [JP Updates]
Alt-right founder Richard Spencer defended his mother this week after his supporters launched an anti-Semitic campaign against the Montana town where she lives [Capture by JP Updates]
In what could be considered either a sharp blow to rising anti-Semitism or a timely reminder of financial fastidiousness, the think-tank run by white nationalist Richard Spenser had its non-profit status taken away Monday, the Los Angeles Times reports

The reason? 

Spenser’s nonprofit, the National Policy Institute, hadn’t filed its federal tax returns since 2012, the year after Spenser took over in 2011.

According to an Internal Revenue Service (IRS) policy, an organization that fails to file its taxes three years in a row automatically loses its nonprofit status.

By that standard, then, Spenser’s group should have lost its status two years ago. However, the IRS had mistakenly said, for years, that the group didn’t need to file its taxes, and they didn’t correct their error until February of this year.

Regardless, ignorantia juris non excusat, as they once said, and both tax experts quoted in the Times article agree that the think tank is still responsible for its failure to supply the expected returns.

It’s hard to imagine many crying for Spenser’s group, which claims to be dedicated to “the heritage, identity, and future of people of European descent.”

Take-away: Tax Day is April 17. 

 

03/14/2017 5:49 PM by David Kinzer

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