US News

The tax law requires 501 organizations to operate exclusively to promote the "public welfare." In 1959 the IRS edited their tax codes to only require that they mostly promote the public welfare.

This loophole has allowed political activists to assume that they can spend up to 49% of their budgets on political ads, while still maintaining tax-exempt status that allows them to keep their donors secret.

This massive loophole was never authorized by Congress!

The current version of the Revenue Act of 1913 provides a tax exemption for:

26 U.S.C. § 501(c)(4)(A)(emphasis added)

Rescue crews are working through the night after a monstrous tornado barreled through the Oklahoma City suburbs, demolishing an elementary school and reducing homes to piles of splintered wood.

In this Aug. 2, 2012, file photo, then-Internal Revenue Service Commissioner Douglas Shulman testifies on Capitol Hill in Washington.

President Obama will address the nation on the Oklahoma tornadoes at 10 a.m. Tuesday, the White House has announced.

After grounding for battery problems, United flew 787 from Houston to Chicago

Signaling confidence to the flying public that Boeing 787s are safe to fly, the CEOs of Boeing Co. and United Continental Holdings on Monday traveled from Houston to Chicago aboard a Dreamliner.

Monday's flight, which touched down at 1:14 p.m., early and without incident, marked the return to service of United-owned Dreamliners after the Boeing plane model was grounded for 100 days by aviation regulators worldwide because of overheating onboard batteries.

A Northern California tea party group filed the first lawsuit against the U.S. government stemming from the Internal Revenue Service targeting of conservative groups for more scrutiny as they applied for tax-exempt status.

Tesla Motors, the American maker of luxury electric cars, has been riding a wave of good publicity.

Its Model S sedan (base priced at $62,400, after federal tax credits) was just named Motor Trend Car of the Year. Reviewers at Consumer Reports gave the lithium-ion battery powered vehicle a rave.

And the company, headed by billionaire innovator Elon Musk, 41, posted a profit for the first time in its 10-year history — powered in part by zero-emission environmental credits.

A Miami man caught and killed the longest Burmese python ever captured in the state of Florida, according to the Florida Fish and Wildlife Conservation Commission.

A boulder-sized meteor slammed into the moon in March, igniting an explosion so bright that anyone looking up at the right moment might have spotted it, NASA announced Friday.

NASA’s Meteoroid Environment Office is reporting the discovery of the brightest impact seen on the moon in the eight year history of the monitoring program.

Some 300 lunar impact events have been logged over the years but this latest impact, from March 17, is considered many orders of magnitude brighter than anything else observed.

Cicadas aren't the only scientific rarity expected this month. At the end of May three planets will be visible to the naked eye in one small area of the sky.

Authorities are set to release more than 300 photos on Tuesday that investigators took in the aftermath of the Tucson shooting rampage that killed six people and wounded former U.S. Rep.

The Senate is debating cuts to the federally subsidized crop insurance program as it considers a massive farm bill this week.

At least 20 of the 51 people killed by a devastating monster tornado that ripped through Moore, Okla., were children, the Oklahoma Chief Medical Examiner said this evening, as searchers picked through the rubble of schools, homes and businesses leveled by the storm.

New details emerged of what the White House knew about the Internal Revenue Service targeting of conservative groups, with spokesman Jay Carney disclosing Chief of Staff Denis McDonough was among the top officials made aware of the matter late last month.

It was, the chief federal prosecutor in Manhattan said on Monday, "a case of inviting and paying for foxes in the henhouse." Three researchers at the New York University School of Medicine who specialized in magnetic resonance imaging technology had been working on research sponsored by a grant from the National Institutes of Health.

The Supreme Court on Monday agreed to decide cases concerning prayers at the start of town meetings and a patent dispute over heart monitors.

It also issued an important administrative law decision that said the Federal Communications Commission was entitled to deference in determining the scope of its own jurisdiction.

When the Justice Department began investigating possible leaks of classified information about North Korea in 2009, investigators did more than obtain telephone records of a working journalist suspected of receiving the secret material.

Rescue workers raced against time and darkness Monday night looking for survivors after a powerful tornado blasted an area outside of Oklahoma City, leveling homes and leaving at least 51 people dead.

From the first time he turned a wrench on a car in his native France more than 60 years ago, Marcel... This frame grab courtesy KFOR TV shows the aftermath of a massive tornado as much as a mile wide with winds up to 200 mph roared through the Oklahoma City suburbs Monday, May 20, 2013.

Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.