There were 257 press releases posted in the last 24 hours and 404,200 in the last 365 days.

H.R. 8293, American Donor Privacy and Foreign Funding Transparency Act

H.R. 8293 would require some tax-exempt entities to include additional information related to certain contributions from foreign sources in annual information returns filed with the Internal Revenue Service (IRS). In particular, tax-exempt organizations with at least $200,000 in annual gross receipts or at least $500,000 in assets would be required to include whether the organization accepted any foreign donations in a calendar year, the total combined amount of donations from foreign nationals, the country of citizenship or principal place of business of any foreign source that made a donation, and the total amount of donations from each country. The bill also would prevent federal agencies from collecting or requiring the submission of information on the identification of any donor.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.