Washington (Aug. 20, 2004) -- Having identified concerns about dozens of filings among the rapidly growing tax-exempt Section 527 political group segment, the Internal Revenue Service is moving to improve reporting and disclosure by those groups.
Under Section 527 of the Internal Revenue Code, certain political groups must periodically file public disclosure reports with the IRS, rather than the Federal Election Commission. The statute requires these organizations to report their contributions and disbursements so that their support and operations are in the public domain in advance of elections.
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