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527 organization. A 527 organization or 527 group is a type of U.S. tax-exempt organization organized under Section 527 of the U.S. Internal Revenue Code ( 26 U.S.C. § 527 ). A 527 group is created primarily to influence the selection, nomination, election, appointment or defeat of candidates to federal, state or local public office.
A 501 (c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501 (c)). Such organizations are exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501 (c) for definitions ...
IRS targeting controversy. In 2013, the United States Internal Revenue Service (IRS), under the Obama administration, revealed that it had selected political groups applying for tax-exempt status for intensive scrutiny based on their names or political themes. This led to wide condemnation of the agency and triggered several investigations ...
Political action committee. In the United States, a political action committee ( PAC) is a tax-exempt 527 organization that pools campaign contributions from members and donates those funds to campaigns for or against candidates, ballot initiatives, or legislation. [ 1][ 2] The legal term PAC was created in pursuit of campaign finance reform in ...
The Get My Payment tool operates like an application for your stimulus payment. You can access the tool on the IRS website. You will need to input your Social Security number, date of birth and ...
On a Schedule C form filed in 1984 for a purported consulting business, Trump reported no income but over $600,000 in unknown expenses. After New York State and City auditors rejected the unexplained expenses, Trump requested a tax trial. In separate 1992 trials, state and city judges ruled against Trump. [7]
The Internal Revenue Code of 1986 ( IRC ), is the domestic portion of federal statutory tax law in the United States. It is codified in statute as Title 26 of the United States Code. [ 1] The IRC is organized topically into subtitles and sections, covering federal income tax in the United States, payroll taxes, estate taxes, gift taxes, and ...
America Coming Together ( ACT) (founded in 2003) was a progressive, political action 527 group dedicated to get-out-the-vote activities. ACT did not specifically endorse any political party but worked almost exclusively on behalf of Democratic candidates. It was the largest 527 (tax-exempt) group in 2004 and was planning to be involved in ...
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