Proposed Guidance for Tax-Exempt Social Welfare Organizations
Proposed Guidance for Tax-Exempt Social Welfare Organizations On November 29, 2013, the IRS released proposed regulations that provide guidance to tax-exempt social welfare organizations about political activities related to candidates that will not be considered to promote social welfare. Tax-exempt social welfare organizations are to be exclusively operated for the promotion of social welfare if they are intended to engage ?primarily? in activities that promote the common good and general welfare of the people of the community. Basically, the IRS proposes amending the current Treasury Regulations to state that social welfare does not include direct or indirect candidate-related political activity. Per IR-2013-92, candidate-related activity for purposes of 501(c)(4) organizations includes: Continue reading.