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IRS Finalizes Rules Rolling Back Nonprofit Donor-Disclosure (2)

May 26, 2020, 8:22 PMUpdated: May 26, 2020, 10:16 PM

The IRS on Tuesday issued highly anticipated final rules easing reporting requirements for nonprofits.

The rules (T.D. 9898) largely adopt the proposed version, issued last fall. In the proposed rules, the agency removed 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.

The rules hit at a sensitive issue: whether the change could lead to a flood of anonymous donations to political organizations, as critics contend, or whether the rules ensure...

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