Strausfeld, Federal court rejects change to substantial-donor reporting requirement (AICPA)

Strausfeld outlines the impact of a recent Montana federal court decision stating that, “if the IRS wishes to no longer require tax-exempt organizations to report information about their substantial financial donors, it must follow a proper notice-and-comment process.” Reportedly, “U.S. District Judge Brian Morris concluded that the IRS should have allowed greater public input before altering the long-standing filing requirement because the action represented a legislative rule rather than an interpretive one.”

Download the full article by clicking Strausfeld, Federal court rejects change to substantial-donor reporting requirement (AICPA).

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