Senate Finance Approves Treasury Nominees

The Senate Finance Committee on Aug. 1 advanced two of President Trump’s nominees for senior posts in the Treasury Department, though Democrats are opposing one nomination. By a 25-2 vote, the committee easily approved Michael Desmond’s nomination to be the chief counsel at the IRS. Desmond was Treasury tax legislative counsel under President George W…. Read more »

Treasury Nominee Defends Donor Disclosure Change

President Trump’s nominee to be deputy Treasury secretary today defended the agency’s decision to scrap donor disclosure rules for most tax-exempt organizations. Treasury and the IRS announced the policy change last week, saying the IRS no longer has an administrative need for continuing the routine collection of donor names and addresses. Charities and section 527… Read more »

Senate Finance Delays Vote on Rettig

Senate Finance Committee Chairman Orrin Hatch (R-UT) postponed a vote on President Trump’s nominee to helm the IRS after Democrats protested the administration’s decision earlier this week to scrap donor disclosure requirements for most nonprofits. Hatch said the committee will reconvene and vote later today, once he is assured that enough committee Republicans show up… Read more »

Treasury Scraps Donor Disclosure Rules

Treasury officials announced this week that the IRS will no longer require tax-exempt organizations other than charities to disclose information about their donors as part of their annual returns. Congress in the 1960s directed the IRS to collect donor information from 501(c)(3) charities that accept tax-deductible contributions. The policy provided the IRS information that could… Read more »

Taxpayer Advocate Delivers Mid-Year Report

Significant cuts to the IRS’s budget over the years combined with the need to implement the 2017 tax law have stretched the IRS critically thin, according to National Taxpayer Advocate Nina Olson. Olson released her mandated mid-year report to Congress last week that included a review of the 2018 filing season and a list of… Read more »

Category: IRS