The Internal Revenue Service recently released a memorandum modifying and clarifying procedures for Section 501(c)(4) applicants seeking exemption after December 23, 2014, which may potentially be engaged in political campaign intervention or providing private benefit to a political party, but that otherwise do not present any issues regarding their exempt status. The memo directs the […]
501(c)(4)
Proposed Guidance for 501(c)(4) Social Welfare Organizations
On November 29, 2013, a Notice of Proposed Rulemaking by the Internal Revenue Service was published in the Federal Register containing proposed regulations that provide guidance to tax-exempt social welfare organizations on political activities related to candidates that will not be considered to promote social welfare. A 501(c)(4) social welfare organization must be operated exclusively […]
IRS Offers Fast-Track Determination Process for 501(c)(4) Applicants
It would have been difficult to avoid the onslaught of news and related commentary over the last couple of months regarding the IRS scandal involving the criteria used to identify tax-exemption applications for review. But it now looks like the IRS is taking steps to overhaul its internal review process and to repair its […]
You must be logged in to post a comment.