Nonprofits in the US are only required to report major donors AFAIK. Bitcoins aren't assets with more complicated transfer rules like real estate or stock shares. Simple property donations like a can of food for a food bank don't require identification info. Pine On Jul 30, 2014 1:01 PM, "Andrew Gray" <andrew.g...@dunelm.org.uk> wrote:
> Hi Pine, > > The IRS link includes the note that: > > "A payment made using virtual currency is subject to information > reporting to the same extent as any other payment made in property." > > - no expert, but I suspect this is the explanation. Because the IRS > treat bitcoin as "property" (like, eg, shares) rather than currency, > it triggers different - and presumably more complex - reporting > requirements. > > Andrew. > > On 30 July 2014 20:20, Pine W <wiki.p...@gmail.com> wrote: > > There is a post on the blog saying that bitcoin is accepted but there are > > several questions about why WMF is asking for contact info. Is that an > IRS > > requirement? Might want to post the reason in the blog entry. AFAIK with > > the nonprofits I donate to none require personal info for small > > contributions. > > > > Thanks, > > Pine > > _______________________________________________ > > Wikimedia-l mailing list, guidelines at: > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines > > Wikimedia-l@lists.wikimedia.org > > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > <mailto:wikimedia-l-requ...@lists.wikimedia.org?subject=unsubscribe> > > > > -- > - Andrew Gray > andrew.g...@dunelm.org.uk > > _______________________________________________ > Wikimedia-l mailing list, guidelines at: > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines > Wikimedia-l@lists.wikimedia.org > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > <mailto:wikimedia-l-requ...@lists.wikimedia.org?subject=unsubscribe> _______________________________________________ Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines Wikimedia-l@lists.wikimedia.org Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, <mailto:wikimedia-l-requ...@lists.wikimedia.org?subject=unsubscribe>
