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McGuireWoods LLP | USA | 5 Dec 2013

IRS releases proposed regulations regarding permissible political activities of 501(C)(4) organizations

On November 29, 2013, the Internal Revenue Service released a notice of proposed rulemaking setting forth proposed regulations under section


McGuireWoods LLP | USA | 10 Jun 2013

NY AG requires broader donor disclosure for 501(C)(4)s

New regulations adopted by the attorney general of New York have broad implications for 501(c)(4)s and the contributors who support them. The new


McGuireWoods LLP | USA | 7 Jul 2011

IRS suspends for further study contributions to 501(c)(4) organizations

In a directive issued today to IRS offices, the Service is suspending any further examination activity on the gift tax treatment of contributions to 501(c)(4) organizations.


McGuireWoods LLP | USA | 10 Jun 2011

A change in enforcement policy or the specter of an "enemies' list"?

A letter sent by Republican Senators to the Commissioner of the IRS questions the retroactive enforcement of the gift tax in a highly politicized environment noting that President “Obama and the White House have made it clear they view section 501(c)(4)s with deep hostility and that the (White House) Staff fear their ability to influence an election”.


McGuireWoods LLP | USA | 9 Jun 2011

IRS moves to tax contributions to 501(c)(4) groups active in politics

The IRS has invoked a provision that had rarely, if ever, been enforced to inform big donors to 501(c)(4) advocacy groups that their donations may be subject to gift taxes of 35 on any donation exceeding the annual gift tax exemption of $13,000 per individual or $26,000 for couples filing joint returns.

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