IRS drops "dark money" rule, will no longer require disclosure of donors to political nonprofits

[Miles Archer]

IRS drops “dark money” rule, will no longer require disclosure of donors to political nonprofits

The IRS has just made it easier for politically powerful nonprofits to conceal who donates to them

MATTHEW ROZSA
JULY 17, 2018 11:03PM (UTC)

https://www.salon.com/2018/07/17/irs-drops-dark-money-rule-will-no-longer-require-disclosure-of-donors-to-political-nonprofits/

President Donald Trump has just removed an old IRS rule that required specific types of nonprofit organizations to disclose the identities of their large donors.

As the Department of Treasury explained on its website:

The Treasury Department and IRS announced today that the IRS will no longer require certain tax-exempt organizations to file personally-identifiable information about their donors as part of their annual return. The revenue procedure released today does not affect the statutory reporting requirements that apply to tax-exempt groups organized under section 501(c)(3) or section 527, but it relieves other tax-exempt organizations of an unnecessary reporting requirement that was previously added by the IRS.

Nearly fifty years ago, Congress directed the IRS to collect donor information from charities that accept tax-deductible contributions. That statutory requirement applies to the majority of tax-exempt organizations, known as section 501(c)(3) organizations, receiving contributions that can be claimed by donors as charitable deductions. This policy provided the IRS information that could be used to confirm contributions to those organizations.

[Johnny2X2X]

1. Dems need to sue this too

Rather than bitch and moan about this, Dems need to start getting big donors to funnel money to non profits who will in turn run campaign ads.

[democratisphere]

2. redumbliCON corruption and malfeasance is endless.

[CentralMass]

3. I'm guessing this is due to the investigation of the NRA recieving Russian money.

[GeorgeGist]

4. Good guess.

[ProfessorPlum]

5. What could possibly go wrong?

[Thrill]

6. Always protecting the Rich and Powerful. And mean as hell

To the average working class stiff

[kentuck]

7. This is not just a coincidence.

Last edited Wed Jul 18, 2018, 03:56 PM - Edit history (1)

Think of the redhead, Butina. Think of the NRA. Think of "dark money". Think of "laundered money". Think of GOP PACs. Think of Robert Mueller and his investigation. This is a cover-up to prevent information from being found.

This is my opinion.

[kentuck]

8. kick