Anonymous Donations Can Remain Secret Despite IRS's Requirement For Disclosure
Date: July 25, 2012
Jeff Altman was quoted in an article in the BNA Daily Tax Report, July 25, 2012, on the rules governing when the names of donors to 501(c)(4) organizations must be disclosed:
"If a 501(c)(4) is talking to a potential donor about how to structure a contribution so it can be listed as anonymous or coming from another source, the organization probably already knows too much to avoid listing the donor," Jeffrey Altman, an attorney with Whiteford Taylor Preston in Washington, said July 24.
There should not be any conversations about who an anonymous donor is, he added, and donors cannot ask for credit or recognition if they want to be treated as anonymous.