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IRS on Political Contributions from Tax Exempt 501(c)(3) Organizations


   The Restriction of Political Campaign Intervention by Section 501(c)(3) Tax-Exempt Organizations Under the Internal Revenue Code, all section 501(c)(3) organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office. Contributions to political campaign funds or public statements of position…

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IRS Sent Out Erroneous Employment Tax Deposit Penalty Notices


   IRS website, Small Businesses & Self-Employed, “Memorial Day FTD Penalty Error” (Aug. 4, 2016) IRS has announced that it erroneously sent out notices that indicate that taxpayers made late deposits of employment taxes that were due around Memorial Day, 2016 and that impacted taxpayer accounts will be corrected without the taxpayers taking any action. Background. Depending on several…

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