Tuesday, July 18, 2006

All Headline News - IRS Warns Tax-Exempt Organizations Against Political Campaigning - July 18, 2006

All Headline News - IRS Warns Tax-Exempt Organizations Against Political Campaigning - July 18, 2006: "IRS Warns Tax-Exempt Organizations Against Political Campaigning

July 18, 2006 12:14 p.m. EST

Mary K. Brunskill - All Headline News Staff Writer

Los Angeles, CA (AHN) - The IRS has sent over 15,000 notices to tax preparers and tax-exempt organizations, including churches, warning them that improper campaigning in the upcoming political elections could put their tax-exempt status at risk.

In its notices, the agency explained its new enforcement program, called the Political Activity Compliance Initiative. Under the program, the IRS will no longer wait for an annual tax returns to be filed before it investigates into claims of improper campaigning. A committee consisting of three members will review the complaints and then vote on whether they need to be investigated in detail."

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