Welcome
Daily Tax Report ®

HILL TAX BRIEFING: Nonprofit Donor Rules in IRS Spotlight

Feb. 7, 2020, 11:16 AM

The IRS effort to roll back donor disclosure rules for some nonprofits will be the focus of an agency hearing today.

The agency has proposed scrapping a requirement for tax-exempt organizations to report the names and addresses of substantial donors. Its first effort to make that change—without going through the notice-and-comment process—was struck down in court over the summer by the U.S. District Court for the District of Montana in Bullock v. IRS.

Critics of the change say it would open up a flood of dark money—funds from groups that don’t publicly disclose...

To read the full article log in. To learn more about a subscription click here.