06May/19

States Sue to Learn Why Trump Changed IRS Donor-Reporting Rules – Bloomberg

States Sue to Learn Why Trump Changed IRS Donor-Reporting Rules  Bloomberg

New York and New Jersey have sued to find out why President Donald Trump’s administration scrapped an Internal Revenue Service rule requiring some tax-exempt organizations to disclose their donors. The change, announced in July 2018, eliminates from federal and state filings a category of information the states rely on to identify potential self-dealing transactions, criminal conduct and other risks in the nonprofit sector, New York Attorney General Letitia James said in a statement Monday. James and her New Jersey counterpart, Gurbir Grewal, both Democrats, sued the IRS and the Treasury De…