Tax exemptions

Many tax-exempt groups that participate in politics will no longer be required to disclose their donors to the Internal Revenue Service, the Treasury Department said.

The American Institute of CPAs suggested more than 30 changes to the Internal Revenue Service for the Form 990, Return of Organization Exempt from Income Tax, and its instructions, some of them marked as urgent.

A new online tool called TEOS replaces the old EO Select Check service with more details and filings from nonprofits and charities.

Organizations whose applications for tax-exempt status were delayed by the IRS could be getting $3.5 million.

Israel put proposed taxes on church-owned property in Jerusalem on hold after top Christian clerics in the city closed the venerated Church of the Holy Sepulchre to protest the planned levies.

As U.S. banks were tallying up the billions of dollars in extra profits they’ll reap from the sweeping tax cuts signed into law by President Donald Trump, they were quietly delivering unwelcome news to local governments: The interest rates on their loans were about to go up.

The Justice Department said Thursday it has entered into a settlement with Z Street, a nonprofit that educates the public about Israel and Middle East issues, after the group sued the Internal Revenue Service for holding up its application for tax-exempt status and subjecting it to extra scrutiny.

The Internal Revenue Service has revised the streamlined application form for groups that are applying for tax-exempt status.

The Justice Department is settling lawsuits with Tea Party and conservative groups that had sued the Internal Revenue Service over delays in granting them tax-exempt status, and Attorney General Jeff Sessions said the IRS should apologize to the groups.

The Internal Revenue Service is giving tax-exempt organizations in the parts of Texas, Florida, Puerto Rico and the U.S. Virgin Islands affected by Hurricanes Harvey and Irma more time to file their returns.