IRS Drops Proposal Asking for Donors’ Social Security Numbers
The Internal Revenue Service (“IRS”) recently scrapped a proposal that would have allowed tax-exempt groups to provide the Social Security Numbers of donors who make a contribution of at least $250. Encouraged by the National Council of Nonprofits, charities submitted comments expressing their objection to the proposal. Sam Roberts (R-Kan.), the Senator who introduced legislation in December to block the proposal, was pleased by the decision. Details on the IRS’ decision are available on the Accounting Today Web site. Registration is required.
Nonprofit Network Looks Ahead to 2016
Incorporating feedback from its network of state associations and 25,000 members, the National Council of Nonprofits has published a list of challenges the nonprofit industry could face in 2016. Entitled “2015-2016: The Years in PReview”, the document lists the following issues nonprofits should anticipate this year: Taxes, Fees, PILOTs Challenges to Nonprofit Property Tax Exemptions Fiscal Challenges and Budget Gimmicks Attempts to Limit Charitable Giving Incentives Nonprofit Independence Payment for Nonprofit Indirect Costs Reforming the Government-Nonprofit Contracting & Grantmaking Process Creating New Giving Incentives Stand for Your Mission through Everyday Advocacy Eradicating Ignorance Employment Policy Issues New Funding Mechanisms The. Read More.