Final regulations: IRS disclosure of exempt organization information to state officials
Amend existing regulations to reflect changes to section 6104(c) made by the “Pension Protection Act of 2006”
The U.S. Treasury Department and IRS today released for publication in the Federal Register final regulations providing guidance to states regarding the process by which they may obtain or inspect certain returns and return information (including information about final and proposed denials and revocations of tax-exempt status) for the purpose of administering state laws governing certain tax-exempt organizations and their activities.
The final regulations [PDF 257 KB] (23 pages) are effective August 16, 2022.
The final regulations amend existing regulations to reflect changes to section 6104(c) made by the “Pension Protection Act of 2006.” Treasury and the IRS proposed the regulations on March 15, 2011, and only one comment letter was received. According to the preamble, after considering the comments in the letter, the Treasury and IRS finalized the proposed regulations with one clarifying substantive change and various non-substantive clarifying changes.
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Ruth Madrigal | firstname.lastname@example.org
Preston Quesenberry | email@example.com
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