Bipartisan tax legislation introduced June 13 seeks to facilitate charitable giving and help private foundations and other nonprofits fulfill their charitable missions while regulating publicly available information on charities and their donors.
Also, all tax-exempt organizations — not just the largest and smallest — would be required to file their returns electronically. The IRS would also have to make return information publicly available in machine-readable format.
Partner Alex Reid is quoted.
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Published with the permission of Tax Analysts