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Not For Profit/Exempt Organizations Blog

Tag Archives: gift tax

Contributions to Section 501(c)(4) Organizations and the Gift Tax

Posted in IRS Filings, Political Campaign Activity

Tax-exempt section 501(c)(4) organizations are defined by the Internal Revenue Code as “social welfare organizations.” Treas. Reg. section 1.501(c)(4)-1(a)(2) provides that the organization must be “primarily engaged in promoting in some way the common good and general welfare of the people of the community.” Some members of Congress and the IRS have recently taken an… Continue Reading