Wednesday, November 22, 2017

What is a Political Organization

    A 527 organization/political organization is a political organization. A political organization is defined as a party, committee, association, fund, or other organization organized and operated for the primary purpose of directly or indirectly accepting contributions or making expenditures, for an exempt purpose. These organizations are not fully tax exempt. They must pay taxes on income from sources other than contributions, membership dues and fundraising events. This kind of income usually comes from passive investments, like interest, dividends, and capital gain. Political organizations are organized to influence the selection, nomination, and election of political candidates to government offices. The primary example of a political organization are political action committees or super PACs. Donations to these organizations are not tax deductible. To learn more about these organizations, click here: https://www.irs.gov/pub/irs-tege/eotopici89.pdf

 

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http://lawprofessors.typepad.com/nonprofit/2017/11/what-is-a-political-organization-.html

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