Bloomberg Tax
Feb. 7, 2020, 4:13 PM UTCUpdated: Feb. 7, 2020, 5:50 PM UTC

IRS Urged to Complete Rollback of Donor Disclosure Rules (2)

Lydia O'Neal
Lydia O'Neal
Reporter

Conservative groups pressed the IRS to move ahead with its proposal to drop a requirement that certain tax-exempt nonprofits disclose identities of their significant donors.

The groups dominated a list of 16 witnesses set to testify at an agency hearing on the issue Friday. The IRS is trying to remove the requirement that organizations exempt under tax code Section 501(c), except for 501(c)(3) charities and Section 527 political organizations, provide the agency with names and addresses of donors who contribute $5,000 or more.

Critics say the change could transform the nonprofit sector, leading to a flood ...

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