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- IRS Announces Major Change To Nonprofit Donor Disclosure Requirements
IRS Announces Major Change To Nonprofit Donor Disclosure Requirements
July 17, 2018, Covington Alert
In a significant and unexpected development, the U.S. Treasury Department announced yesterday that certain nonprofits — including trade associations and 501(c)(4) social welfare organizations — would no longer be required to disclose the names and addresses of their donors on the annual "Form 990" they file with the Internal Revenue Service.
New Tactic Emerges in Fight to Compel Companies to Disclose So-Called “Dark Money” Contributions
June 25, 2018, Covington Advisory
A new corporate political disclosure trend is coming. For years, those advocating increased corporate political disclosure have looked for ways to force companies to publicly reveal the names and amounts of corporate contributions to so-called “dark money” 501(c)(4) social welfare nonprofits and 501(c)(6) trade associations.
August 25, 2016, Covington Advisory
This month, the Foreign Agents Registration Act (FARA), an obscure, almost 80-year old, statute has rocketed to national headlines. FARA, a sweeping federal criminal statute, requires certain individuals and companies acting on behalf of foreign principals to register with the Department of Justice and file regular detailed reports of their activities. As we ...
April 4, 2016, The Wall Street Journal
Zack Parks is quoted in this Wall Street Journal article regarding political spending and disclosure. According to Parks, "Companies need to think strategically about these issues.” He adds, “Companies that ignore disclosure initiatives have been the target of shareholder resolutions, bad press and lawsuits. But kitchen-sink disclosure isn't risk free.”