Final regulations: Donor disclosure rules, information reporting

Final regulations: Donor disclosure rules

The U.S. Treasury Department and IRS this afternoon released for publication in the Federal Register final regulations (T.D. 9898) updating the information reporting regulations under section 6033 that are generally applicable to organizations that are exempt from tax under section 501(a). The final regulations reflect statutory amendments and remove the requirement for many noncharitable tax-exempt organizations required to file an annual Form 990 or 990-EZ information return to report donors to the IRS (i.e., on Schedule B).

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Read the final regulations [PDF 307 KB]

Treasury and the IRS in September 2019 issued proposed regulations that would, among other things, amend information reporting regulations to reflect changes the IRS attempted to make to donor disclosure rules in 2018 in subregulatory guidance that a court later set aside. Read TaxNewsFlash

According to the preamble, Treasury and the IRS received 8,387 written and electronic comments responding to the 2019 proposed regulations. A public hearing was held. After consideration of all comments received on the 2019 proposed regulations and the testimony presented at the public hearing, the final regulations adopt the proposed regulations “with minor modifications.”

Read a related IRS release, IR-2020-103.

The purpose of this report is to provide text of the final regulations.


For more information, contact a tax professional with KPMG’s Washington National Tax practice:

Ruth Madrigal | +1 202 533 8817 | ruthmadrigal@kpmg.com

Preston Quesenberry | +1 202 533 3985 | pquesenberry@kpmg.com

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