Federal Court Blocks IRS Effort To Suspend Requirement for Schedule B
Says action cannot be taken without following rulemaking provisions of Administrative Procedure Act
A federal District Court in Montana has put at least a temporary hold on the Internal Revenue Service’s effort to suspend the requirement for tax-exempt organizations to file a list of their significant donors on Schedule B to the Form 990 tax information return. The Administration had eliminated the requirement for all exempt organizations except 501(c)(3) public charities by publishing a new Revenue Procedure in 2018. (Rev. Proc.
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