Which of the following is true about 527s?
A) They are named what they are because of where they are defined in the tax code.
B) They are named what they are because there are 527 of these groups.
C) They have had little influence in recent political campaigns.
D) They are banned from receiving soft money contributions.
E) All of the above are true

Question

Quizplus · Accepted Answer

527s are named what they are because of where they are defined in the tax code as tax-exempt organizations that engage in political activities. Option B is incorrect as there are not precisely 527 of these groups. Option C is incorrect as 527s have had a significant impact on recent political campaigns. Option D is incorrect as 527s are not banned from receiving soft money contributions.

Which of the Following Is True About 527s