The Treasury Department's Inspector General for Tax Administration (TIGTA) released a report calling on the Internal Revenue Service (IRS) to improve oversight of 527 tax-exempt political organizations that do not file timely or complete reports. According to the findings, one out of every four report that was reviewed in the audit had incomplete or missing contributor or recipient information. By aggressively fining groups for filing late or incomplete forms, the IRS could collect $5.3 million. The report states an "assessment of taxes and penalties for incomplete filings, when appropriate, could lead to increased accountability and disclosure by political organizations. Improvement in the notice process could also assist political organizations in complying with their responsibilities."

Meanwhile, RollCall($$) reports; "For the first time in eight years, donors are pouring more unregulated money into GOP-affiliated groups known as 527s than their Democratic counterparts, according to the latest filings with the IRS."