Limits on political expenditures by sec. 501(c) (3) organizations.
The Tax Adviser › Vol. 23 Nbr. 12, December 1992
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Summary
Tax exempt organizations that file under IRC 501(c)(3) face largely undefined criteria of how political they can be without jeopardizing their exempt status. While they may not contribute to an individual's political campaign at all, they may promote legislation as long as it is not a substantial part of their activities. Neither the IRS nor case law has defined what is meant by 'substantial' with any degree of certainty. Section 501(h) is more concrete and the IRS is advocating that organizations wishing to undertake political activities use it rather than IRC 501(c)(3).
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Limits on political expenditures by sec. 501(c) (3) organizations.
Tax-exempt organizations often become involved in the political process by providing financial support to promote legislation or candidates favorable to their objectives. When this occurs, the question arises as to what effect the political expenditures may have on an organization's e...
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