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"Information Returns" for Donors

President's proposal sparks outcry.

• As noted in a separate article in this newsletter, the President's initial tax proposals submitted to Congress in January contained a provision requiring charities (including churches) to issue annual information returns to donors who contribute more than $500 in cash or property. This proposal generated a firestorm of opposition, and was quickly dropped from the President's proposal and was not contained in the House bill that presented the President's plan. Significantly, the Democratic alternative did not contain this proposal. The idea is now dead. To make sure that it stays dead, we encourage readers to call the White House "opinion line" at 1-202-456-1111. State that you are a minister or church leader, and that you are opposed to the President's proposal to require churches and other charities to issue "information returns" to donors who contribute more than $500. If several ...

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Richard R. Hammar is an attorney, CPA and author specializing in legal and tax issues for churches and clergy.

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Posted:
  • May 1, 1992

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