IRS to Examine Political Activity of Exempt Groups
I received my Kiplinger Tax Letter (subscription required) today and thought Flashreport readers would find this interesting:
IRS is expanding its look at politicking by exempt groups in 2008. Unions and social welfare organizations will be eyed this year, as well as charities. Although churches and charities are prohibited from participating in election campaigns, unions and social welfare groups can take part in the political process. But if their primary function is political activity, then the Service can revoke their exemptions.
Not sure who this hurts or helps. Guess we’ll just have to wait and see who gets caught.… Read More