Passionate About Politics? Don’t Allow it to Affect Your Organization’s Tax Exempt Status under 501(c)(3)

kim-hunwardsen

By Kim Hunwardsen 

The political season is in its final months, and we all have our opinions. Important issues like the fate of the Affordable Care Act and the impact of tax reform on charitable contributions have us talking.

But organizations exempt under 501(c)(3) and their leaders need to be careful about what they say — and do — politically. These types of nonprofit organizations are prohibited from engaging a substantial part of their activities in lobbying and from engaging in any direct intervention in elections for public office. Failure to follow these rules could result in loss of tax exemption. Certain other types of nonprofit organizations like those exempt as trade associations under 501(c)(6) are not subject to these same types of limitations.  For more information read the full article here.

 

What you need to know about Ransomware

By: Tim McCutcheonTim McCutcheon

Ransomware is a software that locks users out of their computer or specific files until a “fee” is paid to release the lock and these attacks on organizations have become ever more common. Any organization that relies on real-time or near-real-time access to data may be subject to an attack. Although there has been a rise in the number of attacks, the full implications are still being understood and worked out. Read this article by PoynerSpruill to learn more about Ransomware and what is known on these attacks.