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An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows:
Two major kinds of such donations deserve specific consideration, charitable as well as political donations. According to a 2020 study of large United States–based corporations, "6.3 percent of corporate charitable giving may be politically motivated, an amount 2.5 times larger than annual PAC contributions and 35 percent of federal lobbying.
A business's membership dues paid to a 501(c)(6) organization are generally an ordinary and necessary business expense. [75] The membership dues are tax-deductible in full unless a substantial part of the 501(c)(6) organization's activities consists of political activity, in which case a tax deduction is allowed only for the portion of ...
In January 2021, a number of companies halted their political contributions in the United States, primarily in response to some Republican legislators' objections to certification of the 2021 United States Electoral College vote count and the ensuing mob that attacked the U.S. Capitol.
A lawyer who represented two women who testified before a House ethics committee said they testified Matt Gaetz paid them for sex, per media reports.
Canada's point person for U.S-Canada relations said Tuesday she shares U.S. concerns about Mexico serving as a back door for China to import cheaper goods into the North American market as a ...
The drummer for popular rock band My Chemical Romance was found dead inside his Tennessee home on Tuesday after not being seen alive since November 4.
This is a list of notable employee-owned companies by country. These are companies totally or significantly owned (directly or indirectly) by their employees. [1]Employee ownership takes different forms and one form may predominate in a particular country.