Stephanie B. asked
I am the volunteer treasurer for a small nonprofit state motorcycle rights organization with a sister PAC and an educational foundation. I am trying to figure out if and how much federal income tax we need to pay for the PAC. We have yearly income of approximately $15,000 and a current balance of $14,456. The PAC receives donations, pays out small donations to state legislators, and also pays a lobbyist. I have been doing the taxes for the main nonprofit for 2 years and was able to complete and submit the foundation's return this spring, but I'm struggling with the PAC return. Any advice or direction would be greatly appreciated.
July 16th, 2023
James R. answered
The sister PAC, as described, is considered a nonprofit organization. Therefore, you are only requir...
July 16th, 2023
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