Friday, May 23, 2014

IRS delays rules governing political activity for non-profits

Under tremendous pressure from Republicans and some Democrats, the IRS has delayed issuing new rules governing the political activity of non-profit groups. The agency received more than 150,000 comments on the rules - the most in history.
The rules were set to be examined later this summer in a public hearing. Now, that's not going to happen and the new rules definitely won't take effect until after the November mid-terms.
“Given the diversity of views expressed and the volume of substantive input, we have concluded that it would be more efficient and useful to hold a public hearing after we publish the revised proposed regulation,” said Bruce Friedland, an I.R.S. spokesman.

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