It’s time to vote – Watch out for IRS limits on nonprofit political activities

Description

Abstract: The mid-term elections are near, and jockeying for 2024 elections isn’t far behind. That makes this a good time to review the IRS rules regarding Section 501(c)(3) organizations and political activities. This article reviews the rule and how noncompliance can lead to costly excise taxes and jeopardize a nonprofit organization’s tax-exempt status. A short sidebar discusses the concerns for nonprofits that primarily advocate on certain issues.