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IRS Issues Regs on Disclosing Exempt-Group Info to States (2)

Aug. 15, 2022, 1:26 PMUpdated: Aug. 15, 2022, 5:29 PM

The IRS issued final rules expanding its ability to disclose information to state officials about tax-exempt organizations, including information about the agency’s plans to revoke or deny an organization’s tax-exempt status before those plans are finalized.

The final rules (RIN-1545-BI29, TD 9964), issued Monday, are intended to facilitate enforcement of state laws on exempt organizations.

“I think the key issue is that the IRS didn’t change their mind on anything,” said Elinor Ramey, a partner at Steptoe and Johnson LLP and former policy adviser at the Treasury Department.

State charity officials must conform with the IRS’s ...