Tax-exempt organizations can generally be penalized for not reporting donor information for donations of $5,000 or more. But in IRS Revenue Procedure 2018-38 (issued in July 2018), certain organizations were excused from including this information on future Forms 990. In July 2019, the U.S. District Court of Montana found the Rev. Proc. invalid. That meant penalties could be imposed on entities that had filed Forms 990 without donor lists, when the Rev. Proc. was in force, unless the failure was due to a reasonable cause. The IRS now states that reliance on the now-invalid Rev. Proc. is reasonable cause, and no penalty will be imposed for failure to include the information during that time.  For more information visit our website!