Quote:
Originally Posted by le roi
section 501(c)(3) of the Internal Revenue Code.
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Boy, let the facts speak for themselves, instead of cherry picking what you want seen!!! Are you also a scammer in real life?
Exemption Requirements - Section 501(c)(3) Organizations
To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be
organized (http://www.irs.gov/charities/charitable/article/0,,id=175419,00.html - broken link) and
operated (http://www.irs.gov/charities/charitable/article/0,,id=175421,00.html - broken link) exclusively for
exempt purposes (http://www.irs.gov/charities/charitable/article/0,,id=175418,00.html - broken link) set forth in section 501(c)(3), and none of its earnings may
inure (http://www.irs.gov/charities/charitable/article/0,,id=123297,00.html - broken link) to any private shareholder or individual. In addition, it may not be an
action organization, i.e., it may not attempt to influence legislation
as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.
Organizations described in section 501(c)(3) are commonly referred to as
charitable organizations. Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible
contributions (http://www.irs.gov/charities/article/0,,id=96102,00.html - broken link) in accordance with Code section 170.
The organization must not be organized or operated for the benefit of
private interests (http://www.irs.gov/charities/charitable/article/0,,id=123297,00.html - broken link), and no part of a section 501(c)(3) organization's net earnings may inure to the benefit of any private shareholder or individual. If the organization engages in an
excess benefit transaction (http://www.irs.gov/charities/charitable/article/0,,id=123303,00.html - broken link) with a person having substantial influence over the organization, an
excise tax (http://www.irs.gov/charities/charitable/article/0,,id=123298,00.html - broken link) may be imposed on the person and any organization managers agreeing to the transaction.
Section 501(c)(3) organizations are restricted in how much political and legislative (
lobbying) activities they may conduct. For a detailed discussion, see
Political and Lobbying Activities (http://www.irs.gov/charities/charitable/article/0,,id=120703,00.html - broken link). For more information about lobbying activities by charities, see the article
Lobbying Issues; for more information about political activities of charities, see the FY-2002 CPE topic
Election Year Issues.
Additional Information Application Process Step by Step: Questions and answers that will help an organization determine if it is eligible to apply for recognition of exemption from federal income taxation under IRC section 501(a) and, if so, how to proceed.
The IRS has published
Revenue Ruling 2007-41, which outlines how churches, and all 501(c)(3) organizations, can stay within the law regarding the ban on political activity. Also, the ban by Congress is on political campaign activity regarding a candidate; churches and other 501(c)(3) organizations
can engage in a limited amount of lobbying (including ballot measures) and advocate for or against issues that are in the political arena. The IRS also has provided guidance regarding the difference between advocating for a candidate and advocating for legislation.