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Treasury Exempts Many Nonprofits From Having to Report Donors

NameTag The Treasury Department has announced a controversy

“Americans shouldn’t be required to send the IRS information that it doesn’t need to effectively enforce our tax laws, and the IRS simply does not need tax returns with donor names and addresses to do its job in this area,” said U.S. Treasury Secretary Steven T. Mnuchin.  “It is important to emphasize that this change will in no way limit transparency.  The same information about tax-exempt organizations that was previously available to the public will continue to be available, while private taxpayer information will be better protected.  The IRS’s new policy for certain tax-exempt organizations will make our tax system simpler and less susceptible to abuse.”

Critics, on the other hand, said that the move essentially gutted oversight of nonprofit organizations, and hobbled people's ability to hold them, and their donors, accountable, according to the New York Times. This will have the effect, they said, of further encouraging the use of dark money contributions to political nonprofits, which some people have said has created problems within the political landscape.