As Andrew said, it is complicated. We decided that asking for the information was the safest approach and best enables to comply with U.S. laws as well as laws in other countries. For example, we are required to send a receipt for tax purposes to U.S. donors who give over a certain amount and we have already today received gifts through bitcoin over that threshold.
On Wed, Jul 30, 2014 at 1:22 PM, Pine W <wiki.p...@gmail.com> wrote: > 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> > _______________________________________________ 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>
