Pine, I think Lisa already answered your question -- it's complicated. It's
possible (based on my limited knowledge, anyway) that what you suggest is
possible; but she never said it was impossible. She said it was the safest
approach, given a complicated scenario. This is her professional expertise,
so we have to assume a basic level of competence to make those judgment
calls.

Don't we?
Pete
[[User:Peteforsyth]]


On Wed, Jul 30, 2014 at 2:14 PM, Pine W <[email protected]> wrote:

> Hi Lisa,
>
> Hm, that is different from my understanding of the IRC. You are required to
> offer a receipt, not to actually send one if the donor declines, right?
> Then you could have a checkbox to disable personal info and the receipt.
> You could also enable anonymous donations under $5000 or whatever the
> threshold is for reporting the donor's info to the IRS, right?
>
> Pine
> On Jul 30, 2014 2:06 PM, "Lisa Gruwell" <[email protected]> wrote:
>
> > 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 <[email protected]> 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" <[email protected]>
> > 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 <[email protected]> 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
> > > > > _______________________________________________
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> > > >
> > > >
> > > > --
> > > > - Andrew Gray
> > > >   [email protected]
> > > >
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