How to Clear Your Conscience
The U.S. Treasury manages a number of special collections, including the Conscience Fund. This fund accepts donations from those who have cheated on their taxes or stolen from the government. In one letter that came with a $10 donation, a woman told of her younger brother, who took a pair of scissors home from his government job. He gave the scissors to his sister before he died.
National Campaign for a Peace Tax Fund
See Definition of Terms: Conscience Fund
Internal Revenue Service
Randomly Selected Letters to the IRS
2 comments:
Eric, how can I find out what the US Treasury does with the money in the Conscience Fund - what exactly is meant by "they manage" it? And how many other unusual funds are they involved with and what happens to that money? I heard about the Conscience Fund in my pastor's sermon last Sunday and it really grabbed my interest. I am chair of the Issues Committee in a local political organization. Debbie Frantz
Debbie,
I found this information on an IRS code page:
3.8.45.7.40 (03-01-2005)
Conscience Fund
1. A "Conscience Fund" is an account to be credited when remittances are received from taxpayers to ease their consciences. There are several ways to identify a conscience fund remittance.
1.A remittance indicating it is for the "Conscience Fund"
2.A taxpayer may write a note stating, "I will be able to sleep better now"
3.There is an indication the remittance is for a tax related balance due IRS or a non-tax related balance due other government agencies
4. A non-tax related balance with the word "Conscience" or wording that indicate conscience fund.
2. When a remittance is received indicating it is for the " Conscience Fund" , process the remittance using the following procedures.
1. Make a copy of the original letter for suspense. Purge after six months.
2. Input deposit data through RRPS.
3. Once remittances have been finalized and balanced through the transport, the total deposit will print on a Form SF215A–C Deposit Ticket under account symbol 20–1210.
4. Forward memorandum copy of DT, second copy of F813C with the General Fund Recap Report to the Accounting Operations.
It seems to suggest that the money goes into the general fund.
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