IRS Goes Back to the Drawing Board

After receiving over 150,000 comments from a broad array of interested parties, including NAICU, the IRS has decided to go back to the drawing boardand rewrite draft regulations on what political activity nonprofit organizations can participate in under their 501(c)(4) status. While 501(c)(3) organizations were not proposed to be affected by the draft regulations, the IRS set off concerns by asking for public comment as to whether there should be greater political restrictions on their activities as well.

When new draft regulations are issued, NAICU will review them and make comments as appropriate.

For more information, please contact:
Stephanie Giesecke