PILOT SPIN

Spin Zone => Spin Zone => Topic started by: Mase on January 09, 2016, 12:14:54 PM

Title: IRS Withdraws Proposal...
Post by: Mase on January 09, 2016, 12:14:54 PM
...to collect social security numbers from donors to non-profits.

LINK (http://amac.us/irs-wont-ask-nonprofits-to-collect-social-security-numbers/)

"The rule, proposed in September 2014, would give nonprofits the option to collect the Social Security numbers of donors who contribute $250 or more to an organization. Many feared that the regulation would eventually become mandatory and be used to target politically unpopular nonprofits.

The framework was intended to “minimize the reporting burden” for nonprofits and to “protect donor privacy by not using the Form 990 series,” the IRS and the Treasury explained. But after receiving nearly 38,000 public comments, many of them critical, the government decided to walk back its effort."