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IRS considers changes to Form 990

The IRS is considering changes to Form 990 which will affect reporting by Section 527 political organizations. The comment period closed earlier this week. The Campaign Finance Institute has filed comments. The CFI press release said,

In comments filed January 28 with the IRS regarding proposed changes in its annual information return (Form 990) for tax-exempt groups, the Campaign Finance Institute (CFI) strongly endorsed expanded disclosure by noncharitable exempt organizations of their affiliations, financial transfers and other transactions. It argued that increased disclosure was essential for voters to be fully informed about who is behind their political candidates.