Get the free 2006 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except b...
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2006. Open to Public. Inspection. Department of the Treasury ... must attach a completed Schedule A (Form 990 or 990-EZ). .... DBA USA SWIMMING ..... s. Total liabilities. Add lines 60 through 65.
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What is under section 501c 527?
Section 501(c)(527) of the Internal Revenue Code pertains to political organizations that are primarily engaged in influencing the selection, nomination, or election of any individual to any federal, state, or local public office. These organizations are commonly known as political action committees (PACs).
Who is required to file under section 501c 527?
Political organizations that qualify as section 501(c)(527) entities are required to file under this section. These include political action committees (PACs) and certain campaign funds organized to support candidates or parties.
How to fill out under section 501c 527?
To fill out under section 501(c)(527), political organizations need to complete and submit Form 8871 (Political Organization Notice of Section 527 Status) to the Internal Revenue Service (IRS). This form requires providing information about the organization's purpose, activities, officers, and finances.
What is the purpose of under section 501c 527?
The purpose of section 501(c)(527) is to regulate and provide tax-exempt status to political organizations that engage in activities related to influencing elections and the selection of public office holders. It allows such organizations to receive donations and engage in political campaigns while enjoying certain tax advantages.
What information must be reported on under section 501c 527?
Under section 501(c)(527), political organizations are required to report their financial activities, including contributions received, disbursements made, and any debts or obligations incurred. They must also disclose details about their officers, election activities, and other relevant information.
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