First Rove loses $300M on the election, and now it looks like he's gonna have to pay TAXES on that filthy lucre:
When Karl Rove’sCrossroads Grassroots Policy Strategies (GPS) formed in 2010, it established its official address in Warrenton, VA, and registered with the Internal Revenue Service a tax-exempt 501(c)(4) “social welfare organization.” It apparently did not, however, register as a charitable organization with the Commonwealth of Virginia, as appears was legally required.
According to state code , non-profit groups that intend to solicit contributions must first register with the Virginia Department of Agriculture and Consumer Services Office of Charitable and Regulatory Programs.
While the group’s federal tax filings and registration with the District of Columbia indicate that it is a Virginia corporation — and Crossroads GPS did apparently register with the state’s corporation commission — the Office of Charitable and Regulatory Programs confirmed to ThinkProgress that no entity named Crossroads GPS or Crossroads Grassroots Policy Strategies has ever registered to solicit contributions in Virginia.
Maybe he can ask the Koch Brothers for the bucks to cover the taxes. I'm sure they've got his back.