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#676512 - 01/31/07 05:56 PM Interest on Polical Campaign Accounts
Banknote Offline
Junior Member
Joined: Mar 2002
Posts: 46
Kentucky
Can a political campaign have an interest bearing checking account?

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General Discussion
#677178 - 01/31/07 10:44 PM Re: Interest on Polical Campaign Accounts Banknote
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Yes - they fall under:

Political organizations described in section 527 of the Internal Revenue Code (26 U.S.C. (I.R.C. 1954) section 527)
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