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The Johnson Amendment is a provision in the U.S. tax code, since 1954, that prohibits all 501(c)(3) non-profit organizations from endorsing or opposing political candidates. Section 501(c)(3) organizations are the most common type of nonprofit organization in the United States, ranging from charitable foundations to universities and churches.
In a follow-up letter sent in March 2012, the senators asked the IRS to clearly define the amount of political activity that is permissible for "social welfare" groups under 501(c)(4) rules, to require the groups to document in their IRS filings the exact percentage of their activity that is dedicated to "social welfare", and to require the ...
The Internal Revenue Service, or "IRS" (America's federal agency for tax regulation, collection, and enforcement), fields complaints from the public that a nonprofit organization has participated in prohibited political activities. [13] In 2006, the IRS stated that although most of the more than one million 501(c)(3) organizations were ...
Although federal tax law does not allow for political deductions, some state laws may allow for a tax credit or deduction. The donation has to be related to a state-level campaign or candidate.
[8] [9] [10] The only denial of tax-exempt status by the IRS was to a progressive group. [11] The use of target lists continued through May 2013. [12] United States federal tax law, specifically Section 501(c)(4) of the Internal Revenue Code (26 U.S.C. § 501(c)), exempts certain types of nonprofit organizations from having to pay federal ...
The senators want the agency to enforce the rules by increasing oversight of tax-exempt hospitals … clarify the requirements for financial assistance policies, prohibit nonprofit hospitals from ...
The two exempt classifications of 501(c)(3) organizations are as follows: A public charity, identified by the Internal Revenue Service (IRS) as "not a private foundation", normally receives a substantial part of its income, directly or indirectly, from the general public or from the government.
The House Committee on Ethics has issued new requirements for House members' campaign and leadership PAC funds, requiring them to maintain records demonstrating the specific campaign purpose of ...