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Client Alert—IRS Revenue Ruling Provides New Information on Permissible Political Activity
17-Jul-2007
by Jerald A. Jacobs, Jefferson C. Glassie, Audra J. Heagney, Nicole Flatow, Lisa M. Hix
The Internal Revenue Service has released new guidance for 501(c)(3) organizations detailing when they have engaged in impermissible campaign-related activity. Revenue Ruling 2007-41, which describes 21 fact patterns and how the IRS would rule on each, comes in the aftermath of an investigation that revealed three-quarters of 82 charitable organizations investigated by the IRS had engaged in some prohibited political activity during the 2004 election.
This material is not intended to constitute a complete analysis of all tax considerations. Internal Revenue Service regulations generally provide that, for the purpose of avoiding United States federal tax penalties, a taxpayer may rely only on formal written opinions meeting specific regulatory requirements. This material does not meet those requirements. Accordingly, this material was not intended or written to be used, and a taxpayer cannot use it, for the purpose of avoiding United States federal or other tax penalties or of promoting, marketing or recommending to another party any tax-related matters.
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