IRS and Nonprofits Are Off To The Privatization Races

And we are off!

This is an issue dealing with "dark money" in political campaigns and non-taxable mega churches.

Considering the fact that about 80% of charitable contributions go towards administrative costs like payroll, there is a question to the legitimacy of the operations.

Then you have strawman charitable organizations, and I most definitely include those so-called "social welfare" organizations which secretly funnel money to political campaigns.

This includes the channeling of unreported foreign national funds into charities and political campaigns.

Do not let me even begin with the multi-million dollar mega churches which do not pay taxes.

Religious organizations seem to have a strong aversion when it comes to public scrutiny of its public contracts, like schools and any other child welfare program.

It is off to the races to see if the IRS is going to make it to the finish line with a new set of policies.

For this maiden race of accountability of privatization, I am going to put my money on the nonprofits because, as we all know, they are too big to fail.

#Time2AuditGod

Nonprofits Voice Opposition to IRS Proposal on Social Security Numbers

More than two hundred nonprofit organizations have called on the Internal Revenue Service to withdraw a proposed regulation that would allow charitable nonprofits to collect and report donors' Social Security numbers to the agency.

The proposed rule change would permit, though not require, charities to file an additional return with the IRS that would include detailed information about donors who contribute $250 or more, including their Social Security numbers. In a joint set of comments filed in response to the proposal, Independent Sector, the National Council of Nonprofits, the Council on Foundations, and others argued that the regulation would "expose the public to increased risk from identity theft, impose significant costs and burdens on nonprofit organizations, and create public confusion and disincentives for donors to support the work of nonprofits."

"A charitable nonprofit should never be asking a donor for her or his Social Security number when soliciting donations," the joint letter states, and the proposed regulation "is certain to confuse the public and result in fraud." The letter goes on to say that the "collection, storage, and reporting of Social Security numbers to the IRS is a costly additional endeavor," in that nonprofits would have to divert resources to purchase data security systems, and notes that the Government Accountability Office, in reviewing a similar proposal in 2009, found that "[t]axpayers may reduce giving because they are reluctant to provide Social Security numbers to charities given concerns over identity theft."

"This proposed IRS regulation will do more harm than good," said Candy Hill, interim co-CEO and vice president of communications and marketing for Independent Sector. "The collection and reporting of Social Security numbers by nonprofit organizations poses significant increased risk to taxpayer privacy while creating new liabilities and administrative burdens for charitable organizations. Combined with the anticipated impact on charitable giving, this proposal will result in fewer resources available to support communities across the country."

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