Update on grumbling charities and taxpayers

Posted by on Dec 14, 2015 in Blog | 0 comments

Apparently they grumbled loud enough for action to be taken. Last Friday, Sen. Pat Roberts introduced legislation which would ban the proposed IRS regulation from taking effect. It appears lots of people are concerned about the increased risk of ID theft that would occur if this regulation were to be...

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New proposal from IRS has charities and taxpayers grumbling…

Posted by on Dec 9, 2015 in Blog | 0 comments

especially those concerned about ID theft.  Current law requires charities to provide a written acknowledgement to anyone who donates a gift of 250 or more on any given day.  This new proposal allows a charity to instead elect to provide the IRS with an annual list of names and social security numbers of individuals who donated to them.  Charities don’t like it because they would be required to obtain social security numbers from their...

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