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Treasury Eliminates Donor Disclosure Rules for 501(c)6s Bookmark

Panorama of United States Supreme Court Building at Dusk

Treasury officials announced (https://home.treasury.gov/news/press-releases/sm426)   that the IRS will no longer require tax-exempt organizations other than charities to disclose information about their donors as part of their annual returns. 

Congress in the 1960s directed the IRS to collect donor information from 501(c)(3) charities that accept tax-deductible contributions. The policy provided the IRS information that could be used to confirm contributions. By regulation, however, the IRS had – since the Nixon administration – extended the donor reporting requirement to all other tax-exempt organizations, including 501(c)(6) trade associations and 501(c)(4) political groups. Names and addresses of donors of $5,000 or more have previously been listed on Schedule B of tax-exempt Form 990 returns.

Charities and section 527 political organizations, including political action committees, will continue to disclose names and addresses of donors, but the new rule will apply for other types of tax-exempt organizations beginning with Form 990 filings for the years after 2018.



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