Expenditure test Form 2016-2024

Expenditure test Form: What You Should Know

In order for the expenditure test to apply, you must have engaged in a qualified political campaign within the preceding three years. The campaign must have been initiated and conducted during the year prior to election day. What is a qualified political campaign? Most of the tax law that applies to your case will be based upon a political campaign that is a “qualified campaign” whether that campaign was authorized by the organization or not. To qualify for a political campaign exception to the expenditure test, an organization must (1) intend to receive contributions from the public, or (2) make a substantial part of its activities in furtherance of the organization's exempt purpose, and (3) use substantially all of its assets in furtherance of exempt purposes. To avoid a qualified campaign exception: Organized primarily for the purpose of gaining or contributing large sums of money, including, but not limited to, political contributions and expenditures; Organized to influence substantially the conduct of any substantial Federal, State, or local governmental function; or Organized to promote a particular candidate for public office, a particular question on an annual Federal ballot, or an issue or issue position on an annual State or local ballot, then the organization must engage in a qualified political campaign. So, to give you a taste of what is involved with forming a qualified political campaign, you should read on — to the end you will find a list of the rules governing the expenditure test, as well as a detailed explanation of the test. Form 1120H 90% Expenditure Test — Exceptions As you can see by the example above, many organizations may find it easier to qualify for an exception to the expenditure test by meeting the criteria below. For additional information, you should consult the following resources: Exceptions to the § 501(c)(4) Election/Revocation Test — IRS  Voluntary Confidentiality for Public Use — Taxpayers Protection Bureau Form 1120(g) 10 percent Expenditure Test— Exceptions As you will see by the example above, many organizations will be able to qualify for an exception to the § 501(c)(4) election/revocation test by meeting the criteria below.

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