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The IRS backs down

By Jay Sekulow1452291239789

Americans spoke out. And the Internal Revenue Service (IRS) listened.

A new regulation proposed by the IRS would have some nonprofit charities report the Social Security numbers of donors giving at least $250 in one year. The regulation would permit, but not require, charitable organizations to file a new, separate information return (in addition to the Form 990) to substantiate covered contributions. The new informational return would require the charity to collect an individual donor’s name, address, and Social Security number, and provide a copy to the donor.

I first sounded the alarm about this problematic issue last month.  At the American Center for Law and Justice, we strongly opposed this regulation, filing comments with the IRS explaining why such a move would be damaging by undermining consumer and taxpayer protections, and likely result in reduced charitable giving. . .

Continue reading this article on Fox News.

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