The TaxProf Blog has highlighted a recent report by the Treasury Inspector General for Tax Administration. The report concludes that while improvements have been made, additional actions from the Internal Revenue Service could ensure that Section 527 Political Organizations more fully comply with financial disclosure requirements. The report stated that the IRS is "not reviewing these filings to determine if they are complete or if penalties should be assessed" and that "the IRS is not always issuing notices at the appropriate time that include all information needed by political organizations to become compliant."
Posted by Joshua Hock, Associate Editor, Wealth Strategies Journal
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