IRS issues proposed regulations on political activities of Section 501(c)(4) organizations
Exempt Organizations Tax Services Update
On November 29, 2013, the IRS published proposed regulations that are meant to clarify requirements for tax-exemption as a social welfare organization under Section 501(c)(4). The proposed regulations define “candidate-related political activity” and provide that the promotion of social welfare does not include this type of activity. The IRS is requesting comments on the proposed regulations and related issues.