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Nonprofits around the country spoke out against a proposal from the Internal Revenue Service that would have created a reporting system encouraging nonprofits to ask for, store, and report donor Social Security numbers. In response to nonprofit organization’s concerns and push-back from lawmakers, news came today that the IRS withdrew the proposal.
The proposed regulations could have imposed significant costs and burdens on nonprofit organizations, created public confusion and disincentives for donors to support the work of nonprofits, and could have lead fraudulent actors to increase their targeting of donors and reputable nonprofit organizations.
The Foraker Group will continue to monitor and actively respond to important public policy issues. We thank you for joining us in a strong, collective voice for the Alaska nonprofit sector.
Read the comments that The Foraker Group submitted to the IRS on this issue.