TV News LIES

Monday, Oct 15th

Last update05:20:13 AM GMT

You are here News Politics I.R.S. Will No Longer Force Kochs and Other Groups to Disclose Donors

I.R.S. Will No Longer Force Kochs and Other Groups to Disclose Donors

E-mail Print PDF
Koch brothers

The Trump administration will end a longstanding requirement that certain nonprofit organizations disclose the names of their large donors to the Internal Revenue Service, a move that will allow some political groups to shield their sources of funding from government scrutiny.

The change, which has been long sought by conservatives and Republicans in Congress, will affect labor unions, social clubs and, most notably, many political groups like the National Rifle Association and the Koch network’s Americans for Prosperity, which collect what is known as “dark money.”

Treasury officials said the reporting change would protect privacy and reduce compliance costs for nonprofits, and that the I.R.S. could still request donor information from groups in the rare event that it was needed for tax scrutiny.

“Americans shouldn’t be required to send the I.R.S. information that it doesn’t need to effectively enforce our tax laws, and the I.R.S. simply does not need tax returns with donor names and addresses to do its job in this area,” Steven Mnuchin, the Treasury secretary, said in a statement on Monday evening.

More...


Most Recent Related Stories...


Elizabeth Warren releases DNA test with 'strong evidence' of Native American ancestry

Elizabeth WarrenSen. Elizabeth Warren has released the results of a DNA analysis showing she has distant Native...

How Jared Kushner Avoided Paying Taxes

How jared Kushner avoided paying taxesw,Jared Kushner has a net worth of almost $324 million, and his company has been profitable....

Trump on Mimicking Christine Blasey Ford: ‘It Doesn’t Matter. We Won.

Hurricane victims are furious Confronted about how he mocked an accuser of Supreme Court Justice Brett Kavanaugh at a rally...

'We’ve never seen anything like this': GOP overwhelmed by Democratic cash

GOP: We've never seen anything like this A deluge of Democratic spending in the final days of the battle for the House has...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!