+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
By Diane Freda
Nov. 15 --Significant and long-standing problems with the definition of political campaign intervention exist at the Internal Revenue Service, including that no one really knows how the term should be defined, practitioners discussing the IRS's rules on the subject--or lack of them--said.
Panelists at a Nov. 15 conference on tax-exempt organizations sponsored by the American Law Institute Continuing Legal Education and the American Bar Association Section of Taxation discussed some of the challenges practitioners face in guiding their clients through the maze of pronouncements the IRS has made on the subject of political activity.
None of these statements are particularly clear, John Pomeranz, an attorney with Harmon Curran Spielberg & Eisenberg LLP, told the audience, and the IRS doesn't have extensive regulations laying out a series of rules for what is and isn't political activity.
Rather, the Service has repeatedly said that an analysis of “all the relevant facts and circumstances” should determine whether or not a particular activity or communication constitutes prohibited political campaign intervention.
To contact the reporter on this story: Diane Freda in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Brett Ferguson at email@example.com
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).