Filing Summary

On February 9, 2021, the Internal Revenue Service filed a proof of claim in the NRA’s bankruptcy proceedings, indicating $3,415,565 in claims against the association dating back to 2014. Those claims include:

Key Points

• Nearly $1.4 million in excise taxes and related interest, split into equal amounts across the years between 2014 and 2018. As experts have noted, excise taxes can be levied against nonprofits as a penalty for prohibited transactions, although the filing does not indicate whether this is the case. In its most recent tax filings (p.43), the NRA admitted to paying for excess benefits for some of its executives not permitted under nonprofit law as early as 2015
• Payroll taxes and related interest, like more than $1.7 million in Social Security and Medicare taxes due at the end of the first fiscal quarter of 2021