There is this matter of a little bit of law that gets in the way. If you want to maintain your tax-free status; you must be non-political. Now, if you want to become a political entity, and accept or solicit funds for political causes; knock yourself out. However, in keeping with the laws on the books; you can not do this and remain in the tax-free status.
NAACP Chairman Julian Bond "condemned the administration policies of George W. Bush on education, the economy and the war in Iraq" in a July 11 speech.
Tax law prohibits charities organized under section 501(c)(3) from taking sides in political campaigns. The law restricts these organizations because donations are tax-deductible for the donor and in effect are subsidized by the government.
Frances Hill, an authority on non-profit groups at the University of Miami Law School, called it "amazing" that the IRS would audit a group based on a public speech.
"Usually you would look for some activity other than disagreeing with policies," she said.
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