527 Organization

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527 Organization

A tax exempt organization in the United States dedicated to supporting or opposing candidates for political office or advocating or opposing certain issues. For example, a 527 organization may be formed to campaign for or against banking regulation. Unless a 527 promotes or denigrates a specific candidate, there are no limits on its contributions or spending. However, 527s must publish the names of their contributors as well as the donations they make.
References in periodicals archive ?
In addition, Division C, section 527, and Division A, section 516, both restrict the transfer of Guantanamo detainees to the United States.
3354 now on the House floor appears to include a provision, Section 527, that would block any federal spending on implementing or enforcing the Affordable Care Act.
Nevertheless, the law requires that once an organization becomes mainly political, the IRS should treat it as a "(https://www.irs.gov/charities-non-profits/political-organizations) political organization " under (https://www.publicintegrity.org/2005/11/21/5541/527s-frequently-asked-questions) section 527 of the tax code 6 better known as a political action committee or PAC.
In August 2015, the United States announced that Nicaragua had resolved the last of the Section 527 property expropriation claims.
The US Embassy statement said that, between July 2014 and July 2015, Nicaragua resolved 30 property cases and, in doing so, fulfilled its obligations vis-a-vis Section 527 of the 1994-1995 Foreign Relations Authorization Act, Fiscal Years 1994 and 1995, which set the property-waiver system in motion.
* Worked to repeal burdensome and duplicative Section 527 campaign reporting mandates.
Congress also should recognize that Citizens United has led to a need to develop a new tax baseline for political activity conducted "for profit" or outside of section 527.
So, when members of Congress make no moves to limit campaign contributions and deposits to Section 527 "causes," local advocates should get to work.
Nearly every campaign for federal office is affected by the combined effect of the so-called Super PACs, authorized by Section 527 of the Tax Code, and the Supreme Court's Citizens United ruling, which opened the spigots of corporate coffers to spend on behalf of candidates, overturning a century-old statute banning such spending.
527 status by electronically filing Form 8871, Political Organization Notice of Section 527 Status, within 24 hours of its formation.
has an answer: section 527. Section 527 provides for the tax treatment
One, called Priorities USA Action, is set up under section 527 of the tax code, but it will be required to regularly disclose the identities of donors.

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