On August 5, 2020, Cindy Lewin and Ashleigh Allione published “States’ Response to IRS Regulations on Nonprofit Donor Disclosure” in Taxation of Exempts. The following is an excerpt:
The nonprofit sector now has certainty from the IRS: Section 501(c)(4), (c)(5) and (c)(6) organizations will not have to disclose the identity of their donors on their annual Form 990 filing with the IRS. However, some states are already beginning to require this information separately, and others may soon follow suit.