IRS Issues New Rules to Reduce Donor Disclosure

The Treasury Department on Sept. 6 issued proposed rules to once again reduce donor disclosure rules for certain tax-exempt groups weeks after a federal judge vacated similar guidance because there had not been a notice and comment period. Under the proposed rules, trade associations and other 501(c) tax-exempt organizations would no longer be required to… Read more »

IRS Concerned About Safeguarding Data

More than eight years after initiating an upgrade to its data loss prevention plan, the IRS still does not have all systems operational to prevent the loss of taxpayers’ personal information, according to a new report from the Treasury Inspector General’s office. The report, issued Aug. 22, said the IRS has taken some steps to… Read more »

Category: IRS

Study Suggests Need for Higher IRS Budget

A new study in the American Accounting Association journal suggests that IRS collections from audits of corporate tax returns have been severely hampered by congressional budget constraints on the agency. The IRS has long pleaded with Congress for additional funding to aid enforcement and collection efforts but has dealt with budget cuts for many years… Read more »

Nonprofits Await IRS Guidance on Donor Disclosure

Nonprofits are waiting for instructions from the IRS on whether they need to file amended tax returns for 2018 after a federal court vacated the administration’s rollback of donor disclosure requirements. The Treasury Department has not yet said whether it will appeal the July 30 ruling that invalidated the agency’s 2018 guidance, which ended a… Read more »

Ripperda to Head IRS Tax Exempt Office

IRS Commissioner Chuck Rettig announced this week that Tamera Ripperda will lead the agency’s Tax Exempt and Government Entities (TE/GE) division. The TE/GE division is responsible for oversight of the tax-exempt sector. Ripperda is a long-time IRS official, most recently heading up the IRS Small Business and Self-Employed division and helping oversee the IRS implementation… Read more »

Category: IRS