Treasury Regulations 1. 501(c)(4)-1

This Regulation expands and clarifies the Internal Revenue Code for tax exempt social welfare organizations.  Click here for full copy of Treasury Regulation Section 1-501(c)(4).

Treasury Regulations 1. 501(c)(7)-1

This Regulation expands and clarifies the Internal Revenue Code for tax exempt recreational organizations.  Click here for full copy of Treasury Regulation Section 1-501(c)(7).

Treasury Regulations 1.337(d)-4

This Regulation places restrictions on organizations that "go exempt" under IRC Sections 501(c)(4) or 501(c)(7).  This Regulation essentially assesses a transfer tax on assets transferred from a non exempt organization to an exempt organization unless certain criteria are met.  Click here for full copy of Treasury Regulation Section 1-337(d)--4.1.

Need Assistance?

Please contact Gary Porter for your association tax exemption services.  We serve associations nationwide.

Background information on Gary Porter, CPA

Gary Porter, CPA is licensed by the California, Nevada, and Oregon Boards of Accountancy.  His CPA practice is limited to Common Interest Realty Associations, including homeowners associations, condominium associations, timeshare associations, fractional ownership associations, and condo hotel associations.  Mr. Porter is the co-author of the PPC (Practitioners Publishing Company) Guide to Homeowners Associations and Other Common Interest Realty Associations, and Homeowners Association Tax Library.  He is also the author of more than 300 published articles on financial matters related to homeowners associations.  He has been working with homeowners associations since 1976