'We Could Lose Everything': Tea Party Groups Prepare to Sue IRS

Photo Credit: FREEDOMWORKSJay Devereaux hadn’t paid much attention to the daily drumbeat of partisan politics in D.C. He wasn’t a Washington nerd, and didn’t know who said what during congressional hearings — nor did he care.

But when news broke that the government was using taxpayer money to bail out Wall Street banks, he started paying attention and didn’t like what he was hearing.

So the Florida father and information technology specialist decided to form a group, Unite in Action, to educate people in his area about the issues, he said. It was originally formed as a corporation before Devereaux decided to apply for tax-exempt status from the IRS.

That was two years ago. It was never approved.

“It’s all but killed us,” Devereaux told FoxNews.com. “We could lose everything. Today, it’s me and my organization, but tomorrow it could be you.”

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