As the presidential election approaches, CBM would like to take this opportunity to go over the basic rules that govern 501(c)(3) organizations (“charitable organizations”) pertaining to political activities. To put it simply, the Internal Revenue Code absolutely prohibits all 501(c)(3) organizations from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office. Violating this prohibition could lead to the loss of tax-exempt status and the imposition... Read more ›
The post The Nonpartisan 501(c)(3) appeared first on Councilor, Buchanan & Mitchell (CBM).