Monday, 17 March 2014

Hollywood Exempt from Tax

The IRS took three years to determine the group, Friends of Abe, deserved status as a 501(c)(3) organization .Hollywood Conservative Group Gets Tax-Exempt Status.Friends of Abe, a private group of politically conservative entertainment-industry workers, said Sunday it has been granted tax-exempt status after battling with the IRS for three years.


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The group, known among insiders as FOA, said the IRS has designated it a 501(c)(3) and backdated the status beginning in February 2011, when FOA first formed as a legal entity.
FOA as a fellowship, though, has existed for nearly 10 years, loosely formed by actors Gary Sinise, Kelsey Grammer and Jon Voight along with the late Andrew Breitbart and writer-producer Lionel Chetwynd and others. Friends of Abe is a reference to Abraham Lincoln, the country's first Republican president.

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