IRS: Section 527 OrganizationsIRS Press Release: Greater Enforcement of Section 527 Reporting and Disclosure Requirements
IRS Must Stop 527s' Evasion of Disclosure Requirements On Wednesday, August 4, the Campaign Legal Center urged the Internal Revenue Service to take action against an emerging practice in which 527 organizations are evading the disclosure requirements enacted by Congress in 2000. The Legal Center called on the IRS to issue immediate guidance making it clear that disclosure is required to maintain exempt status.
Click here to view the letter sent to the Commissioner of the IRS regarding the 527s.
Click here to read the full press release.
CFI: Report on New Internal Revenue Service Political Website New Internal Revenue Service Political Website a Bonanza of Campaign Finance Information for Journalists and Voters
The Internal Revenue Service's new website on "Section 527" political organizations, unveiled July 1st, is a major advance in campaign finance disclosure. These tax-exempt groups, formerly dubbed "stealth PACs" are already the leading edge of a trend toward increased involvement of non-profits in partisan political campaigns. With the advent of the new campaign finance law restricting political parties' and candidates' access to unlimited contributions, 527s are expected to become even more important federal political actors. That is why the new IRS website is so important for journalists, citizens and others trying to secure information about candidates and elections. CFI was active in the process that led to this important achievement.
Click here to view the IRS disclosure website for the 527 groups. Click here to view CFI's report in its entirety.
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