http://www.irs.gov/charities/political/article/0,,id=117983,00.htmlNew FEC Filing Required for Some 527 Organizations
As a result of statutory and regulatory changes enacted in 2002, some section 527 political organizations that previously had no filing obligation with the Federal Election Commission (FEC) are now required to disclose certain activity to the FEC.
As required by the Bipartisan Campaign Reform Act of 2002 (BCRA), the FEC has approved new electioneering communications rules governing television or radio communications that refer to a clearly identified federal candidate and are distributed to the relevant electorate within 60-days prior to the general election or 30-days prior to a primary, nominating convention or caucus. See 11 CFR 100.29. The statute and regulations require, among other things, that individuals and organizations whose aggregate spending on electioneering communications exceeds $10,000 disclose that activity to the FEC within 24 hours of the public distribution of the communication. See 11 CFR 104.20.
The FEC has posted charts on its web site outlining the proposed 30- and 60-day electioneering communication disclosure periods for all regularly scheduled 2004 federal elections. Additional information concerning the electioneering communications regulations, including what groups and advertisements are covered, how one makes disclosures, who qualifies as a clearly identified federal candidate and what constitutes relevant electorate, is also available on the FEC’s web site.
Please note that the electioneering communications rules are part of a court challenge to the BCRA, which is currently being reviewed by the Supreme Court. The Court’s opinion could have consequences for the requirements and disclosure of electioneering communications.
Also note that section 527 political organizations that are required to report to the FEC under these provisions may continue to have reporting requirements with the IRS as the exception from filing Form 8871, Form 8872 and Form 990 for FEC filers only applies to those organizations that report to the FEC as political committees.
Also:
http://www.thinkhistory.btinternet.co.uk/uspressuregroupspacsand527s.htmhttp://www.opensecrets.org/527s/types.asp