IRS Issues Proposed Ruling on Lobby Groups

By GRANT WILLIAMS

The I.R.S. has released a proposed ruling that provides questions and answers about new reporting and disclosure requirements for certain types of tax-exempt lobbying groups, known as 527 organizations because of the section of the Internal Revenue Code under which they are organized (The Chronicle, July 13 and 27).

The revenue service said that it welcomed comments about the proposal, which is contained in Announcement 2000-72 that the I.R.S. will publish in the August 28 Internal Revenue Bulletin, 2000-35.

For a list of the Section 527 organizations that have registered with the I.R.S., and to read many of the filed forms, go to http://www.irs.gov/bus_info/eo/8871.html.