IRS releases new technical guide for trade associations
The Internal Revenue Services has recently released a new Technical Guide for 501(c)(6) trade associations and business leagues. The IRS says it updates the existing Audit Technique Guide available on its website. The fine print says it is “not an official pronouncement of the law or the position of the Service and cannot be used, cited, or relied upon as such.” But it also says it is up to date as of its revision date, 9/16/22. It includes an overview of the history of the law and discussion of exemption requirements, political and legislative activities, and unrelated business income tax. It also explains audit and examination techniques by the Service.
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