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Wednesday, July 18, 2018

IRS Will Now Allow Some Tax Exempt Groups to Keep Donor Data Private

The IRS is moving to protect the identities of political donors after past leaks targeted conservatives.

On Monday, Treasury Secretary Steven Mnuchin said the information is not necessary for the agency to enforce tax laws.

The policy change allows certain tax exempt groups like the NRA to withhold the names of financial donors as long as more than half the money is not spent on campaign activities.

However, the IRS still requires the organizations keep a record of their donor’s names and addresses in case of an audit.

Conservatives have been critical of the IRS since it was found to have targeted groups aligned with the Tea Party under the Obama administration.

Source

2 comments:

Anonymous said...

Watch what you wish for. This is only an issue because they went after consetvatives. How about all the commie, soros and marxist leftwing groups

Anonymous said...

Those who want to hide their money find ways. Witness the Clinton Foundation.