WASHINGTON — IRS took action in '80s against Forbes advisers
WASHINGTON -- Two of Steve Forbes' campaign advisers ran a nonprofit group that was stripped of its tax-exempt status after authorities concluded it had not delivered the projects it promised donors.
Carter Wrenn and Tom Ellis, who are helping Mr. Forbes' campaign, were co-directors of the Coalition for Freedom Inc. The group raised more than $1 million in the mid-1980s, and had been granted tax-exempt status as a nonprofit educational group.
But the Internal Revenue Service concluded that more than half the received donations went to a consulting firm controlled by Mr. Wrenn and Mr. Ellis, according U.S. Tax Court records.
Perot won't run this time; party may field candidate
DES MOINES, Iowa
DES MOINES, Iowa -- Billionaire Texas businessman Ross Perot answered "no" yesterday when asked if he would run for president again, but said it's likely the new party he's forming will field a candidate.